Jose Antonio Barrena
Norgestion
Urkabe Benetan, S.A
Deal Type
Fundraising
Sector
Consumer
Completion Date
4th July 2024
Deal Value
Not disclosed
Company Background
UB is dedicated to the production of lunch meats (ham, turkey, etc.) and frozen precooked products (croquettes, stuffed peppers, scallop-based preparations, etc.).
UB sells lunch meats with an own brand (Urkabe) and manufactures frozen precooked products with distributor brands for most of the leading supermarket chains in Spain.
Deal Summary
Stellum Food&Tech has entered the capital of Urkabe Benetan with 31.5% of the shares through a capital increase. The objective of Stellum Food&Tech's entry is to enhance Urkabe Benetan's growth. Urkabe Benetan will develop its business plan, both organic and inorganic, focused on strengthening its position as a reference for various frozen and refrigerated products under private label of the main supermarket chains, on strengthening its presence in the national Horeca channel and on accelerating its international expansion.
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