Grupo Alimentario IAN, a Spanish canned vegetables and ready meals maker acquired Interoliva, a local prepared olives processor. The deal amount remains undisclosed. Grupo Alimentario IAN, owned by private-equity group Portobello Capital, sees this acquisition as a strategic opportunity.
Interoliva’s green olives portfolio will complement Grupo Alimentario IAN’s predominantly black olives range. CEO Alejandro Martínez expressed enthusiasm about the acquisition, stating, “With the acquisition of Interoliva, we will be able to further promote our olive business, offering a more comprehensive range and maintaining quality standards.”
Established in 1898, Interoliva specializes in jarred olives, offering a variety of olives including green, black, seasoned, natural, and stuffed under the brands Mario’s and Marismas. The company’s focus on international exports is evident with 95% of its production being exported globally.
Grupo Alimentario IAN’s acquisition of Interoliva expands its facilities to seven, all located in Spain. In addition to olives, Grupo Alimentario IAN produces prepared vegetables under the Carretilla brand, along with other brands like Alesves, IAN, Taboada, and Morenita. The group distributes its products to over 50 countries worldwide, including France, Germany, Australia, the US, Canada, and Japan.
This strategic acquisition brings growth opportunities for Grupo Alimentario IAN, allowing the company to consolidate its position as a leading food business nationally and internationally. With a focus on quality and innovation, Grupo Alimentario IAN aims to leverage synergies from the acquisition to expand its market share and drive new developments in the food and beverage industry trends.
