Netherlands-based dairy group Royal A-ware has struck a deal for Spanish cheese manufacturer Grupo TGT.
In a statement, Royal A-ware said the transaction would give the business “an even stronger position” in southern Europe.
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Grupo TGT is “one of the largest” cheese producers and distributors in Spain and Portugal, the statement read.
Both companies are family-owned. Barcelona-based Grupo TGT will be “an independent organisation within Royal A-ware”, the statement added.
“By joining forces, we are creating new opportunities for growth and can serve our customers even better with a wide range of cheese and dairy products,” Royal A-ware shareholder Jan Anker said.
Financial terms were not disclosed.
Royal A-ware, headquartered in the Dutch town of Lopik, produces dairy products including cheese, butter and yogurt for retail, foodservice and manufacturing customers.
The company, which generated turnover of €4.4bn ($5bn) in 2025, has operations in the Netherlands, Belgium, Spain and the US.
Grupo TGT sells more than 100,000 tonnes of cheese a year. The company also supplies retail, foodservice and hospitality clients. The group owns 15 production sites in Spain. Last year, the business booked turnover of €470m.
Teodoro Garcia, the shareholder of Grupo TGT, said: “For Grupo TGT, this is a logical next step in our development. Royal A-ware is a family-run business that shares our values and has a strong international position.” Garcia is set to join Royal A-ware’s supervisory board.
The deal follows Royal A-ware’s move in February to buy Spanish distributor Global Dairy Ventures (GDV) from Abac Capital.
