Spain's Grupo Apex makes another acquisition
The financial details of the deal were not disclosed.
Based in El Puerto de Santa María in Cádiz in southern Spain, Chavez y Clark specialises in producing and distributing corn and wheat tortillas.
The acquisition adds a production plant to Grupo Apex's network of 12 facilities across Spain.
In a statement, Grupo Apex said the deal strengthens its 'industrial presence' in the south of the country.
The transaction also diversifies its product range into 'new, growing categories within the food sector,' such as corn tortillas.
Santiago Sala, the CEO of Grupo Apex, said: "This acquisition fully reflects our strategy of sustained growth and portfolio diversification, leading the development and value generation in the snacks sector.
"We want to grow without excuses, with an increasingly solid structure, and investing in brands and products with high potential both in Spain and Europe."
The SuperMex facility features 1,300m² of production space and a 1,000m² warehouse for finished products.
It employs 36 staff and reported a 2024 turnover of €5.3m ($6.1m), with projected sales of €6m by 2025.
The purchase follows Grupo Apex's recent acquisitions, including Barcelona-based peer, Tot Snack, in 2024 and the purchase of vegetable crisps maker Viube Foods in 2022.
In 2023, the company bought a new plant in the La Rioja region of the country and snapped up local crisp maker Santo Reino for an undisclosed sum.
A year earlier, Grupo Apex acquired the Pop Up popcorn brand from Mexican bakery giant Grupo Bimbo.
"Spain's Grupo Apex makes another acquisition" was originally created and published by Just Food, a GlobalData owned brand.
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