Highly acquisitory Spanish functional foods company Natraceutical has EUR20m (US$25.11m) in its coffers to make small acquisitions in Southern Europe and expand its distribution network, the company’s Chairman Xavier Adsera has told analysts in Madrid.
Go deeper with GlobalData
Adsera reportedly said the funds come from a syndicated loan to pay for its Forte Pharma takeover, which analysts have welcomed, raising the company’s profit outlook.
Meanwhile, Spanish porcelain maker Lladro has sold 1.7% of the company for EUR5.3m, cutting its stake to 5% from 6.7%, the company said in regulatory filings.
The move comes as real-estate group Nozar bought a 5% holding in Natraceutical earlier this month.
Natraceutical makes functional ingredients, such as cacao derivatives and purified caffeine, for the food and beverage industries.
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 GlobalData
