Capsa Food, a leading dairy company in Spain, has recently acquired a 40% stake in local cream-cheese and mascarpone producer Innolact. The financial details of the deal were not disclosed, but Capsa aims to support Innolact’s growth plans through this strategic alliance. The management of Innolact, led by general manager Sergio Martinez, will remain unchanged, with Capsa joining as a minority shareholder while the founding partners retain 60% ownership.
Martinez expressed enthusiasm for the partnership, stating that it will drive business growth, innovation, and internationalization for Quescrem. The company plans to enhance sustainability in the dairy sector by expanding its factory in Castro de Rei, one of its two facilities in Galicia. Additionally, Capsa Food’s portfolio includes Greenster, a vegan, almond-based spread.
Jose Armando Tellado, Capsa Food’s general manager, emphasized the alliance’s significance in propelling the company’s position as a leader in the cheese market, both domestically and internationally, through innovation and talent. This move follows Capsa Food’s acquisition of full ownership of Lácteas Flor de Burgos at the end of 2023, after initially purchasing a 50% stake in 2020.
In terms of financial performance, Innolact generated €25m in turnover in the previous year, while Capsa reported a 2022 revenue of €895m, marking an 18% increase from the previous year. However, net profit declined by 73% to €5.1m due to higher ingredient costs linked to inflation and the conflict in Ukraine. Capsa Food is inquired about corresponding figures for 2023.
As Capsa Food continues to strengthen its presence in the food and beverage industry, these strategic investments and alliances reflect the company’s commitment to growth and innovation. The collaboration with Innolact and the expansion of its product offerings underscore Capsa Food’s dedication to sustainable growth within the dairy sector.
