Spanish frozen bakery business Monbake Group has struck a deal to acquire local foodservice supplier Triticum.
Financial terms were not disclosed.
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Based in Cabrera de Mar, near Barcelona, Triticum manufactures and markets bakery products for the hospitality sector. The company employs around 60 people and sells through a distributor network in Spain and overseas.
Last year, Triticum generated a revenue of more than €10m ($11.8m).
Monbake said it expects the acquisition to “strengthen its value proposition in the horeca channel”.
It added: “Triticum brings distinctive product and innovation capabilities, as well as a dynamic and growth-oriented team, which will be further boosted by our characteristic scale and strength.”
Under the agreement, Triticum will continue to operate independently, retaining its management team. Founder Xevi Ramón will take on an advisory role at Monbake, working on product development and R&D alongside his role at Triticum.
Ramón said: “Becoming part of Monbake gives us the support and vision needed to face a new phase of growth, maintaining our identity and expanding our market impact.”
Monbake, which was acquired by Luxembourg-based private-equity firm CVC Capital Partners in 2024, manufactures and sells frozen dough for bread, pastries and cakes.
The company owns bakery brands such as Berlys and Bellsolá. It sells products into more than 30 countries, according to its website.
The bakery major employs more than 2,500 people across 11 factories and 28 branches, working with more than 100 distributors throughout Spain.
Last July, Monbake appointed Borja Lomba Sorrondegui as its new CEO, replacing Aurelio Antuna, who had led the business since 2018.
