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Monday, April 15, 2024

Cuatrecasas guides Piensos Costa´s acquisition of Oliba Green Beer

Cuatrecasas has advised Piensos Costa on the purchase of an 80% stake in Erm Del Pallars Productions, a company that markets Oliba Green Beer

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With this deal, the Costa Group, which currently has the third largest livestock farm in Europe integrated in Piensos Costa, and is present in the agri-food sector through the Costa Food Group meat holding, diversifies its participation in the beverage sector, as it is also the owner of the Sommos winery, belonging to the Somontano D. O.

Oliba Green Beer is the world’s first olive beer, brewed naturally with native olives from the Pyrenees. This drink, characterised by its surprising green colour, has the unique flavour of the area’s own olive varieties. It is gluten-free, making it suitable for coeliacs. The Oliba Green Beer production centre, located in Lérida, is currently immersed in a process of expansion to supply national and international markets, as the project was born with a strong exporting vocation.

The origin of the Costa Food group is linked to Piensos Costa, a leading company in the Spanish pork sector founded in 1966 in Fraga (Huesca). This company was initially dedicated to the buying and selling of grain and, later, of animal feed. Its first foray into integration with pig farming marked the beginning of a distinctive, unique and innovative business model that still lives on today with Piensos Costa providing shared service coverage to farmers (the supply of animals and feed, veterinary monitoring, etc.).

Cuatrecasas advised Piensos Costa with a Zaragoza office team led by partner Antonio García Lapuente, together with lawyer Ignacio Liria.

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