Swiss Distributor enters Iberian Peninsula with Food Ingredients Acquisition
Swiss chemical raw materials and ingredients distributor IMPAG AG (Zurich, Switzerland) has acquired INNOVAFOOD 2005 S.L. (Barcelona, Spain) from founder and CEO Oriol Viladevall for an undisclosed sum. The company, which is active in the Food & Nutrition sector, has a turnover of ca. EUR 10 mn according to media reports, split ca. 40:60 between distribution and agency.
INNOVAFOOD was established in 2005 and supplies a range of natural food ingredients. According to media reports it has a turnover The company will be integrated into the IMPAG’s network of companies in Switzerland, Germany, France, Poland and Austria.
Source: IMPAG press release, www.sweetpress.com, DistriConsult analysis
HGE – DCG / 20.04.2021