Spain-based Grupo Empresarial Costa, the holding company of local manufacturer Costa Food Group, has acquired another business, buying sausage maker La Alegría Riojana.

Financial details were not disclosed but Grupo Empresarial Costa said the acquisition would boost its range of “value-added” products and “complement its portfolio with a valuable niche such as natural and traditional chorizo”.

Jorge Costa, Grupo Empresarial Costa’s CEO, said: “This brand is very well positioned in the European and Latin American markets and perfectly complements the current Costa Food Group brands in the processed segment.”

La Alegría Riojana generated a turnover of EUR19m (US$22.4m) in 2020, Grupo Empresarial Costa said, without providing a year-on-year comparison with 2019. More than 40% of its production is shipped to markets in Europe and Latin America.

The company, set up in 1949, has a production plant in Camprovín, a village in the northern Spanish province of La Rioja.

The firm’s management team and 47 staff are to join Costa Food Group, which employs more than 4,700 people. In Costa Food Group’s 2020 financial year, the company generated a turnover of EUR1.5bn.

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.

Company Profile – free sample

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
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Away from food, Grupo Empresarial Costa is present in sectors including automotive and real estate. The company’s agri-food business is done through the meat holding company Costa Food Group, which La Alegría Riojana now joins and which the business has expanded through M&A in recent years.

Earlier this year, the company announced the acquisition of Roler, a local supplier of products from burgers to sausages.

Last year, Grupo Empresarial Costa invested in Spanish poultry supplier Grupo Aviserrano. In 2019, the group bought Spanish pig-products supplier Embutidos la Nuncia.