The multinational Cerealto has reached an agreement with the Spanish Company Grupo Siro to acquire two of its factories in Spain, one of which is for sliced bread production in Antequera (Málaga) and the other one for pastries production in Briviesca (Burgos). This way Cerealto becomes a supplier in the manufacturing of multiple categories of cereal-based products and expands rapidly in Southern Europe. This operation couples with the recent acquisition of a biscuit factory in Mem Martins, Portugal.
The agreement entails the formal commitment of Cerealto to maintain 100% of the job positions in both factories as well as all the labour conditions and seniority of the 600 colleagues.
Aligned with its sustainability policy, Cerealto will continue to work with local suppliers, fulfilling all previous commitments with Grupo Siro’s suppliers, which will contribute to the production capacity of both factories. Likewise, Cerealto will incorporate the new projects of its clients in Spain and other international markets.
Cerealto is a multinational private label food manufacturer, supplying products to large distribution chains and multinationals in the B2B sector.
With operations in more than 40 countries and a turnover of €93m, Cerealto owns eight production centres in Spain, Portugal, Italy, United Kingdom and Mexico.
Cerealto is specialised in the manufacturing of cereal based products, including biscuits, breakfast cereals, baby food, pasta, bread, pastries, gluten free products and snacks. The Company launches over 100 new products each year.