InvestIndustrial acquires majority stake in Grupo Alacant to boost European expansion

InvestIndustrial, a global private equity firm, acquired a majority stake in Grupo Alacant, a leading Spanish ice cream manufacturer.

Founded in 1972 in Alicante, Grupo Alacant focuses on private label ice cream for retail clients and co-manufacturing for major brands. Its product range includes tubs, cones, bulk ice cream, and sandwiches.

In 2024, Grupo Alacant reported €225m in revenue and employed approximately 850 staff across its four manufacturing facilities in Alicante, Murcia, and Madrid. This acquisition marks a significant milestone. This is because the company looks to strengthen its presence in Spain and expand across Europe through organic growth and strategic acquisitions.

Andrea C. Bonomi, chairman of InvestIndustrial’s advisory board, praised Grupo Alacant’s strong position in the private label sector. “With our operational expertise and international reach, we aim to support Grupo Alacant’s next phase of development as it grows beyond its home market,” Bonomi said.

Grupo Alacant CEO Joaquin Lancis also welcomed the partnership. Specifically, he highlighted InvestIndustrial’s proven track record in the private label food category. “We are confident that InvestIndustrial’s experience will help us reinforce our position with key customers and grow the company into a European market leader,” Lancis stated.

With InvestIndustrial’s support, Grupo Alacant is poised to enhance its industrial capabilities and pursue its ambition of becoming one of Europe’s top independent private label ice cream manufacturers.

Source: FoodBev Media

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