Acquisition in the frozen food sector: Spanish company Krustagroup acquires Mantua-based Effegi
Acquisition in the frozen food sector: Spanish company Krustagroup acquires Mantua-based Effegi
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Frozen food acquisition: Spanish company Krustagroup (frozen vegetables and fish, and above all specialities such as seafood and shellfish, prawns, king prawns, crabs and giant crabs) acquires a majority stake in Mantua-based Effegi Service, a company with over 25 years of experience in the distribution and packaging of fish products from around the world (Marina, Oltre Mare and Itaca brands).
The Andersen Group is leading the operation through its Iberian and Italian offices.
Krustagroup, controlled by investor Grupo Amasua, generated the 57,3% of its revenue abroad in 2022. In terms of turnover, it ended the year at 83,1 million euros, up 10%, with overseas sales rising by 29,1 per cent.
The Italian market, served under the Grand Krust brand, accounts for 10 per cent of total sales.
The Spanish company (50 years of experience) also operates in other key countries, such as the United States and Japan, where it markets a wide range of fish, molluscs and cephalopods under the Grand Krust, Krustasur and Frío Condal brands, as well as through the design and supply of private-label products.
Effegi, for its part, has operated in the fish and vegetable sector since 1997, supplying both fresh and frozen products, with a truly very broad range. Its products are distributed throughout the country thanks to the operations of its facilities in Cerreto Guidi (Florence).
Effegi, which employs 30 people, also carries out logistics activities at its own facilities and at third-party sites for wholesalers, large-scale retail and cruise ships.
Turnover is substantial and constantly evolving: according to Consodata's Company Reports, the 2022 figure stood at more than 45 million euros, compared with 40,5 million in 2021 and 33,4 in 2020.
As a result, adding the figures together, Krustagroup reaches almost 130 million in consolidated turnover.
This article was translated from the original Italian version with the assistance of artificial intelligence. In case of discrepancies, please refer to the original Italian version.
