A group specialising in venture capital acquires the company Elmubas de Azpeitia
- According to various Spanish media, the company located in the polygon Orendaundi in Azpeitia has a total value of more than EUR 200 million. It is a food for domestic animals in the company Elmubas, which has been in this sector for 30 years. As you may know Uztarria.eus, the new owner intends to expand the company.
As you may know Uztarria.eus, the venture capital management company Portobello Capital has just purchased Elmubas Petfood Group from Azpeitia, formerly Piensos Bastida. After a few months of process, the sale was formalised last Friday by both parties and these days workers are being made aware of the results of the process. According to various Spanish media, the market value of Azpeitia’s company stands at EUR 200 million. It is one of the main companies in the sector that is dedicated to domestic animal feed in the Elmubas factory, located in the Orendaundi polygon of Las Landas.
A few months ago, Elmubas aroused great interest in the buying and selling sector, as the pet market is constantly growing and has a great positioning in the market. Since the owners of Elmubas moved to the Deloitte company for help finding the buyer, many funds have shown interest in buying the Azpeitia plant. However, in recent months, Portobello Capital has been negotiating with the owners of Elmubas the sale of the dwellings.
Elmubas, which produces food for domestic animals, also manufactures white products for Carrefour, Eroski or Alcampo, among others. The company of Azpeitia has been working in the animal feed sector for over 30 years. As the company explained to the workers and as Uztarria was aware, the new concessionaire is not going to affect the workers because of the new sale they have made, but is planning to expand the company. The yoke has tried to contact the representatives of Elmubase, but at the moment it has not managed to contact them. For his part, he spoke to Portobello Capital Uztarria.eus and explained that this fund cannot confirm the sale.
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