Spain’s Grupo Apex Snaps Up Uriarte Iturrate’s Snacks Assets

Credit: Grupo Apex image room (statement)

Spain’s Grupo Apex has expanded its snacks portfolio pinch nan acquisition of nan marque and assets of Uriarte Iturrate.

Grupo Apex said it has bought nan assets, including a manufacturing works and storage successful Murgia based successful nan state of Álava, aft Uriarte Iturrate entered bankruptcy proceedings.

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Machinery, trademarks and patents besides shape portion of nan deal, which gives Grupo Apex its 13th accumulation facility, nan Spanish institution said successful a connection coming (8 September). Financial position were not disclosed.

Grupo Apex said it besides inherits from Uriarte Iturrate a caller and patented microwave technology, which “allows for nan mentation of snacks based connected nuts, dairy products, meat, fruits, aliases vegetables without nan request to adhd fat”.

The tech delivers snacks that are 100% cleanable label, for illustration nan Air Nuts marque which is portion of nan Uriarte Iturrate agreement, and which will unfastened up opportunities for caller business astatine location and overseas, Grupo Apex added.

Seven Uriarte Iturrate labor versed successful nan exertion will transportation over.

Santiago Sala, nan CEO of Grupo Apex, said: “This summation afloat reflects our imagination of maturation and innovation, reinforcing our committedness to healthier, much natural, and sustainable snacking.

“Microwave exertion is simply a unsocial advancement that will let america to create wholly differentiating products pinch precocious added worth for our consumers.”

Grupo Apex has been progressive successful M&A successful caller years to thief present an yearly turnover of €180m ($211.1m). Headquartered successful Ribaforada, Navarra, Grupo Apex now has astir 850 staff.

Its snacks portfolio includes nan likes of Aspitos, Jumpers, Popitas, Marinas, Vicente Vidal and Pop Up.

Earlier this year, Grupo Apex added section peer Chavez y Clark and nan SuperMex statement of maize and wheat tortillas to its unchangeable of brands.

Local snacks shaper Tot Snack was taken connected committee past year and successful 2023 crisp maker Santo Reino was purchased, nan shaper of nan Aspitos, Jumpers and Popitas brands.