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Thursday, April 18, 2024

RyC advises Grupo Tello on Hemosa acquisition

Ramón y Cajal Abogados has advised Grupo Tello Alimentación on its acquisition of Hermosa, creating a group with a €290 million turnover in the meat industry

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Grupo Tello Alimentación has closed the acquisition of Hemosa, a company specialising in the production of pork-based foods, from fresh to pre-cooked, to create a group with a turnover of 290 million and a total of 1,350 employees. The deal value has not been made public.

The acquisition in the Spanish meet sector increases the competitiveness of the Toledo-based group and allows it to enter new categories. Hemosa had a turnover of €70 million in 2021.

Hemosa, based in Pinto (Madrid), ended last year with a turnover of €70 million. Its clients include large distribution groups such as Carrefour, Lidl, Dia, Alcampo, Aldi, Covirán, Consum, El Corte Inglés, Ahorramás, Condis and Uvesco. In addition, the company exports around 40% of its production outside the domestic market, with Europe, Mexico, Chile, China, South Africa and Japan being some of its main destinations.

For its part, Tello had a turnover of €218 million in 2021, a 9% increase, with foreign markets accounting for 22% of the total business through the sale of its products in 50 countries. The company, which focuses its activity on three main categories – processed, foodservice and fresh – operates through the brands Tello, Frial, Sánchez Montero and Pamplonica, among others.

“With this integration, the Tello Group makes a significant quantitative leap in its size and production capacity and strengthens its commercial strategy in two areas: nationally, with our desire to be more present on the fresh produce self-service shelves of large-scale retail; and internationally, by doubling our exports of frozen meats,” said Paulino Tello, CEO of the Tello Group.

Ramón y Cajal Abogados advised Grupo Tello with a team including M&A and Commercial Contracting partner Javier Beltrán Yturriaga.

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