Analysis of investment in food technology. IGH Flavours & Technology acquires a stake in Expafruit.

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Integral service around a transaction
BY : Diego GutiérrezJune Mon, 2018

We analyse, from a corporate finance point of view, the investment made in food technology. In this case, we will analyse the acquisition of part of the shareholding by IGH Flavours & Technology from Expafruit, a Catalan industry.

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Expafruit is a company in the food industry with more than 40 years of experience in fruit, vegetable and cereal food preparations designed especially for the dairy, ice cream and confectionery industry. These are products for direct consumption. Expafruit has two lines of work, industrial and mass consumption.

The team is made up of a group of qualified specialists with vast experience in the development of both industrial and consumer products based on fruit and other food ingredients such as cereals, nuts, honey, cocoa, milk, caramel, etc.

In terms of the way it works with customers, Expafruit strives for tailor-made development, flexible production lines according to different needs and customised packaging, packing and logistics.


IGH Flavours & Technology acquires Expafruit

On 15 April 2018, the Spanish company IGH acquired a majority stake in the also Spanish company Expafruit, through the subscription of an capital increase the amount of which has not been disclosed. With this investment, both companies will increase their production capacity by providing customers with two production centres in Spain, as well as a more experienced and consolidated technical and R&D&I department.

IGH Flavours & Technology was founded in 1957 and is a Spanish company that creates and produces flavours, emulsions, extracts and compounds for the confectionery and beverage industry. They also develop new products in line with the needs of each market and the latest consumer trends.

The products that IGH FoodService creates and manufactures are: sauces, toppings, decoration and filling creams, concentrated bases and soft ice cream bases for the HoReCa and Retail channel.

IGH Flavours & Technologies has distributors in Europe, Mexico, Morocco, Iran, the Philippines and Thailand. It also has subsidiaries in Turkey, and sales offices in Algeria, Vietnam and Barcelona. Production takes place in Turkey and Murcia (Spain). At present, they are in more than 30 countries.


Other investments in the fruit-related food industry sector

Company Description Country Amount Date
Spindrift Spindrift is the first fresh sparkling beverage company in the U.S. Made with fresh fruit. USA. USA. $20M 15/03/2018
Tropical Smoothie Cafe Tropical Smoothie Café is a franchise in the USA that makes fruit and vegetable smoothies. USA. USA. $20M 29/03/2018
Pure Harvest Smart Farms Pure Harvest Smart Farms is a high-tech agribusiness focused on greenhouse vegetable production. United Arab Emirates $4,5M 16/11/2017
Revolution Foods Revolution Foods offers ready-to-eat meal kits for children and families. USA. USA. $35,2M 08/12/2015
Pinkberry Pinkberry is a frozen yoghurt producer in Los Angeles. USA. USA. $27,5M 16/10/2007

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