Wessanen, the Netherlands-based food group, is to acquire Spanish organic food manufacturer Biogran from local private-equity firm Nazca Capital.

The deal, struck for EUR67m (US$71.7m), will see Wessanen take on a business mainly supplying ambient organic and natural food, such as cereals and rice cakes, into Spanish mainstream grocery outlets and health food stores. 

Biogran’s brands include El Granero and Ecocesta. It employs 128 people and runs two manufacturing and office sites in and around Madrid. It employs 128 people and runs two manufacturing and office sites in and around Madrid.

Wessanen described Biogran as “leader in the Spanish organic market”. The Dutch group said Biogran’s management team “will be leading the future development of the company”.

Wessanen looks to unlock Spanish market with Biogran buy – analysis

?Nazca acquired Biogran as part of a management buy-out at the business last year.

Wessanen CEO Christophe Barnouin said: “The acquisition of Biogran broadens our geographic footprint and is a further step in the execution of our strategy and vision of becoming the leader of organic and sustainable food in Europe. Biogran gives us broad access to the growth potential in one of the most dynamic countries in the European organic market: the Spanish organic market has grown at double-digit rates over the last few years. The acquisition of Biogran represents a major growth opportunity for Wessanen to develop our business in the country.”

Álvaro Mariátegui, the co-CEO of Nazca, added: “At Nazca we are very proud of the important step forward taken in the professionalisation of the business, as well as of the excellent work performed by the management team. We believe Wessanen is the ideal partner to further develop the leadership position of the company in the long-term.”

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