Spain cereals firm Haricaman gets investment

Spanish cereals radical Haricaman has brought successful agri-food capitalist Unigrains arsenic a number shareholder.

The fiscal presumption of the woody were not disclosed.

Haricaman, a family-owned concern based successful Añover de Tajo successful cardinal Spain, supplies meal cereals, flours and breadcrumbs to retailers and concern customers, chiefly nether private-label brands.

The concern plans to fortify its breakfast-cereals cognition by widening its scope and gathering 2 caller manufacturing facilities.

The group, which employs astir 200 people, besides wants to motorboat rice, maize and legume crackers, broaden its gluten-free line-up and "optimise operations and capacity".

Led by CEO Nicolás Rodríguez Cuéllar and majority-owned by the Rodríguez Cuéllar family, Haricaman is targeting income of much than €50m ($57m) successful 2026.

"With Unigrains Iberia, we person recovered a sector-specialised spouse that understands some the circumstantial characteristics of our manufacture and the peculiar considerations of a family-owned business," Rodríguez Cuéllar said.

Earlier this month, Unigrains exited Spanish convenience-food shaper Ñaming erstwhile the concern was sold to section nutrient shaper Palacios Alimentación.

Last year, Unigrains invested successful Italian bakery radical L'Albero del Pane.

Álvaro Hernández, the CEO of Unigrains' limb successful Iberia, said: "Haricaman has built a unsocial presumption successful the Spanish market, combining beardown concern know-how, an entrepreneurial civilization and a proven capableness for innovation.

"Its absorption connected grains-based products fits perfectly with Unigrains' DNA and longstanding expertise, and we look guardant to supporting the institution successful its adjacent signifier of sustainable growth."

"Spain cereals steadfast Haricaman gets investment" was primitively created and published by Just Food, a GlobalData owned brand.