Grupo Apex, a Spain-based snacks maker, has recently announced its latest acquisition of Barcelona-based snack company, Tot Snack. This move is part of the company’s strategy to expand its infrastructure and presence in the region. By purchasing 100% of the shares of Tot Snack, Grupo Apex adds one more facility to its network, bringing the total to 11.
Financial details of the deal were not disclosed, but the company stated that this acquisition will increase its production capacity and further diversify its portfolio. According to the company, this expansion aligns with its strategy of ‘growth without excuses’, which has allowed it to double its figures every four years, leading the growth and value generation of the sector.
Tot Snack, founded in 1997, specializes in manufacturing and selling savoury snacks and achieves sales of more than €4m ($4.3m) annually. Its main geographical markets are Catalunya, Andorra, and the south of France. On the other hand, Grupo Apex boasts a turnover that exceeds €150m per year and has more than 600 employees. It sells its products in more than 20 countries through all commercial channels.
This recent acquisition comes on the heels of Grupo Apex’s other strategic moves in the market. In November, the company acquired a new plant in the La Rioja region of Spain, and in June, it snapped up local crisp maker Santo Reino for an undisclosed sum.
These developments reflect the food and beverage industry trends, further solidifying Grupo Apex’s position as a major player in the food and drink business. Moving forward, it will be interesting to see how the company leverages these acquisitions to capitalize on food and drink consumer trends.
