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01/2025

DELAFRUIT acquired by ANDROS

SPAIN Food Processing / Beverages / Soft Drinks EV 100M - 350M EUR

Context

Andros has signed an agreement to acquire 100% of Delafruit from the Spanish private equity firm ProA Capital. This strategic acquisition expands Andros' industrial footprint in Spain, adding a specialized facility in Tarragona to its existing plants in Cantabria and Granada. Under ProA Capital's ownership, Delafruit was spun off from Go Fruselva and diversified its portfolio beyond baby food into sports nutrition and adult snacking.

DELAFRUIT, which reported an EBITDA margin of in 2023, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the AgriFood sector (10.7x).

-> Deep-dive in AgriFood market trends

Target

Delafruit (formerly known as Dulces y Conservas El Goli) is a leading Spanish private-label manufacturer and co-packer specializing in high-value-added healthy food products, notably fruit purees, smoothies, and baby food in pouch formats. Headquartered in Tarragona, the company operates a state-of-the-art industrial complex with high-capacity production lines focused on pouch technology, a segment driven by the global trend toward "on-the-go" and healthy snacking. Its business model is built on long-term strategic partnerships with major European and international retailers and global FMCG brands, providing end-to-end solutions from product formulation and R&D to sustainable packaging and logistics. The organization is recognized for its rigorous food safety standards and its ability to process organic, sugar-free, and clean-label recipes at industrial scale. It exports 85% of its production to over 30 countries. In 2023, it produced 279 million units.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2023
2022

Similar deals in Food Processing

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
04/2025WHAT S COOKING?SVELTICFRANCEFood Products
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11/2024REFRESCOFRÍAS NUTRICIÓNSPAINSoft Drinks
11/2024UNEXO / UNIGRAINSSAVELFRANCEMeat & Cured Meat
09/2024ONE ROCK CAPITAL PARTNERSEUROPE SNACKSFRANCEFood Products
09/2024AS EQUITY PARTNERSHOCHDORF SWISS NUTRITION (HSN)SWITZERLANDDairy
09/2024VALEO FOODS GROUPI.D.C. HOLDINGSLOVAKIAFood Products
08/2024CINVENVITAMIN WELLSWEDENSoft Drinks
07/2024NEWPRINCES GROUPPRINCESUNITED KINGDOMFood Products
07/2024AUSNUTRIA DAIRYAMALTHEANETHERLANDSDairy

REFERENCES

Valuation range: EV 100M - 350M EUR

Revenue range: 100M - 200M EUR

EBITDA range: 5M - 25M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of DELAFRUIT by ANDROS are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Target: delafruit

Acquirer: andros