International dairy producer Royal A-ware announces the acquisition of Global Dairy Ventures (GDV) from funds advised by Abac Capital. With this acquisition, Royal A-ware strengthens its market position in Southern Europe and further expands its product portfolio.
GDV is a distributor of speciality cheese and dairy products in Southern Europe. Based in Barcelona, the company connects European producers of premium cheese and dairy products with customers in retail and food service, among others. GDV consists of market leaders Iberconseil, Disalp and Adonis, which together serve a large number of customers, mainly in Spain, Portugal and Italy, with a broad product portfolio.
International family business Royal A-ware has been active in Spain, Portugal and Italy for several years, with a sales office and various production and packaging locations. "The acquisition of GDV strengthens our market position in Southern Europe and enables us to offer customers an even more comprehensive product portfolio. GDV was a logical choice because of its long-standing relationships with suppliers, strong customer trust and efficient distribution network," said Antonio Rodriguez, CEO of Royal A-ware.
Christophe Roux, CEO of Global Dairy Ventures: "We are delighted to join Royal A-ware, a leading dairy producer, and to leverage its scale, expertise and in-depth knowledge of the sector to achieve our goal: connecting European premium dairy producers with the demanding needs of our customers. It has been a privilege to work alongside Abac Capital throughout this journey, and we look forward to the next phase of our development as part of the Royal A-ware family."
Oriol Pinya, co-founder of Abac Capital, adds: ‘We are very pleased with the strong development of Global Dairy Ventures during our period as owners. Christophe and the team have built on the legacy of the founders of Iberconseil and Disalp and have worked tirelessly to offer an extensive product portfolio, operational and commercial flexibility and an unrivalled level of service to customers. We would like to thank the entire Global Dairy Ventures team for their vision and excellent work, and wish them every success in this new phase of growth."
The acquisition will be completed in the coming weeks. In this transaction, Abac Capital was advised by AZ Capital (M&A), Garrigues (tax and legal) and Deloitte (due diligence). Royal A-ware was advised by KPMG (legal and due diligence).
