Dawn Foods has strengthened its position in Portugal with the acquisition of bakery products distributor Icopa for an undisclosed sum.
Under the terms of the deal, Dawn Foods will gain access to Icopa’s three distribution centres, including one located directly next to its ingredient manufacturing plant in Palmela.
Icopa offers a portfolio of bakery products such as bread mixes, packaging, utensils and decorating supplies.
The transaction will see Dawn Foods expand its overall distribution capabilities in Europe, ensuring bakeries have access to all the products and solutions needed to grow their business.
The deal marks the company’s second acquisition in recent months, following the purchase of Poland-based Jabex, a supplier of ingredients and other solutions for the confectionery, bakery and ice cream markets.
“Dawn is committed to providing the best experience for our customers, and the addition of Icopa’s distribution capabilities, team members and partnerships enables us to better serve and meet the needs of bakery customers in this region,” said Carrie Jones-Barber, CEO of Dawn Foods.
Lluís Borrell, Mediterranean cluster director of Dawn Foods, added: “Dawn and Icopa have enjoyed a successful partnership for many years, and we are excited to combine our high-quality products and Icopa’s distribution capabilities to provide total solutions our customers will enjoy.”
© FoodBev Media Ltd 2021
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