Cerealto: "We are the largest company in Europe dedicated 100% to manufacturing for third parties and we want to continue to strengthen this strategy".

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Cerealto is entering a new phase after complicated years, which ended last year with the entry as new owners of the investment funds Davidson Kempner (DK) and Afendis through a rescue plan supported by the government, which included a commitment to inject funds to reduce debt, improve liquidity and boost the group's industrial plan.

"The entry of Afendis and DK, who are long-term partners, has turned the company around. Now we are a company that has no debt and can focus on business development", explains Bosco Fonts, CEO of Cerealto Foods, in his first interview since his appointment last April.

"Cerealto does not have any money-losing operations and, therefore, we are not going to close anything. In Venta de Baños there was a closure plan, but we have turned the tables and now what we have is an investment plan", explains the manager.

His forecast is that the company will grow by more than 10% this year, due to both price increases and higher volume sales, which will take the company's turnover to over 460 million euros, compared to 424 million last year. It will do so by achieving an ebitda of more than 30 million euros. "We have already more than doubled that in 2022," explains Fonts, who worked at PepsiCo, LU Biscuits, Danone and United Biscuits before joining the company.

You can read the full interview by clicking here..

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