Spanish seafood supplier Iberconsa could soon be the subject of a takeover, with local reports claiming the business’ owners are looking to sell.
The company, formally known as Ibérica de Congelados, is majority-owned by Spain-based private-equity firm Portobello Capital after a deal in 2015.
Go deeper with GlobalData
Iberconsa’s founders own the rest of the business and are also looking to sell, Spanish business publication Cinco Dias has reported
Nomura has been hired to look into a sale, with an initial assessment of Iberconsa’s valuation at EUR600m (US$739.4m), the newspaper said.
just-food approached Portobello for comment but the buy-out house had not returned a request for comment at the time of writing.
See Also:
Iberconsa is said to be one of the top three frozen-seafood companies in Spain. It is a vertically-integrated business, covering fishing, manufacturing, distribution and marketing. Its main product lines are hake, squid and shrimp.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataVigo-based Iberconsa exports 45% of its annual sales.
