DELAFRUIT acquired by ANDROS
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 LOGIN in 2023, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the AgriFood sector (10.8x).
Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.
-> 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
LOGIN
Equity Value
LOGIN
Multiples
EV / Revenue
LOGIN
EV / EBITDA
LOGIN
EV / EBIT
LOGIN
Historical Financials (EUR)
Similar deals in AgriFood
| Date | Acquirer | Target | Country | Sector | Deal Context |
|---|---|---|---|---|---|
| 04/2025 | WHAT S COOKING? | SVELTIC | FRANCE | Food Processing | What's Cooking? has finalized the acquisition of 100% of Sveltic from Groupement Les Mousquetaires. The deal allows What's Cooking? to expand its product portfolio and manufacturing footprint in France. Crucially, the acquisition includes a continued supply agreement, meaning Sveltic will continue to produce goods for Intermarche/Netto while also opening up capacity for other clients. |
| 03/2025 | BRIDOR | LAURENT BAKERY GROUP | AUSTRALIA | Food Processing | Marking its entry into the Australian market, BRIDOR has completed the acquisition of Laurent Bakery Group from the private equity firm BGH Capital. The strategic rationale for the deal is the acquisition of a turnkey premium industrial platform in the APAC region, perfectly aligned with Bridor’s "premium-only" global positioning. The deal allows Bridor to instantly control a retail network of 15 stores while gaining access to a massive wholesale distribution channel covering 1,000+ supermarkets |
| 11/2024 | REFRESCO | FRÍAS NUTRICIÓN | SPAIN | Food Processing | Refresco has completed the acquisition of Frías Nutrición, a Spanish specialist in plant-based beverages, following the announcement of the transaction in July 2024 and the satisfaction of regulatory conditions. This move is part of Refresco's "Buy & Build" strategy, aimed at strengthening its presence in the high-growth plant-based beverage segment, which is considered a strategic category within the non-alcoholic beverage industry. The acquisition enables the group to consolidate its position in Spain, where Frías operates a dedicated production facility and maintains strong relationships with major retailers |
| 11/2024 | UNEXO / UNIGRAINS | SAVEL | FRANCE | Food Processing | Groupe SAVEL has opened its capital for the first time to a consortium composed of UNEXO and Unigrains. This minority investment allows the company's President, Marc Léon, to strengthen his position while the family shareholders retain a broad majority. The transaction was supported by a pool of regional banks led by Crédit Agricole du Finistère. The strategic rationale for the partnership is to accelerate the group's development through both organic and inorganic growth. Key focus areas include consolidating its leadership in niche poultry species, diversifying into processed food products, and optimizing logistics |
| 09/2024 | AS EQUITY PARTNERS | HOCHDORF SWISS NUTRITION (HSN) | SWITZERLAND | Food Processing | AS Equity Partners has entered into a binding agreement to acquire Hochdorf Swiss Nutrition (HSN), the core manufacturing subsidiary of the Hochdorf Group. The strategic rationale for the transaction is to preserve HSN’s operational business and its role in the Swiss dairy industry while separating it from the "legacy financial burdens" of its parent holding company, which has entered a debt restructuring moratorium. This carve-out allows HSN to continue its operational turnaround, which achieved positive EBITDA in 2023 for the first time in years, without being constrained by the over-indebtedness of Hochdorf Holding |
| 09/2024 | VALEO FOODS GROUP | I.D.C. HOLDING | SLOVAKIA | Food Processing | Valeo Foods Group has agreed to acquire I.D.C. Holding, a major Central European confectionery producer, from its owner Pavol Jakubec. This "transformative" acquisition establishes a strategic cornerstone for Valeo in Eastern Europe, complementing its existing CandyPlus operations in the Czech Republic and Balconi in Italy. The deal adds a portfolio of heritage brands with strong consumer loyalty in the region. |
| 09/2024 | ONE ROCK CAPITAL PARTNERS | EUROPE SNACKS | FRANCE | Food Processing | One Rock Capital Partners signed an agreement to acquire a majority stake in Europe Snacks from Seven2 (formerly Apax Partners), which had held the company since 2013. This exit concludes a decade of transformation under Seven2, during which revenue grew from EUR90 million to EUR700 million through three major build-ups. The financing is secured by a banking pool led by Barclays and Goldman Sachs. |
| 08/2024 | CINVEN | VITAMIN WELL | SWEDEN | Food Processing | The acquisition of Vitamin Well by Cinven is a strategic move to capitalize on the growing demand for healthier and more active lifestyles. The deal is driven by the attractive characteristics of the health, wellbeing, and fitness sector, which is underpinned by a structural shift away from less healthy snacks and drinks. Vitamin Well's well-established position in the market, its portfolio of high-quality brands, and its track record of profitable organic growth make it an attractive investment opportunity for Cinven |
| 07/2024 | GRUPO MAYRIT INVERSIONES ALIMENTARIAS | PANIFICADORA POPULAR | SPAIN | Food Processing | The acquisition of Panificadora Popular represents the fifth strategic transaction strengthening the rapidly expanding food platform of Grupo Mayrit Inversiones Alimentarias (MIA Food). This deal is driven by a “category completion” strategy, combining Panificadora Popular’s recognized technical expertise in pre-cooked and specialty breads with MIA Food’s established capabilities in national distribution and pastry infrastructure. This combination enables MIA Food to equip itself with the technical know-how and industrial capabilities required to effectively meet the growing demand for “ready-to-finish” bakery products within the HORECA (Hotel, Restaurant, Café) segment |
| 07/2024 | EMMI GROUP | MADEMOISELLE DESSERTS | FRANCE | Food Processing | IK Partners (holding 86% of the capital) has agreed to sell Mademoiselle Desserts to the Swiss industrial group Emmi. This transaction marks a remarkable exit for IK, which had acquired the company for EUR330 million in 2018. For Emmi, the goal is strategic: increasing the share of "Desserts" in its total revenue from 9% to 17%. The CEO of the target will take over the leadership of the new combined "Desserts Powerhouse" division within Emmi. |
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: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).
Target: delafruit
Acquirer: andros