Aviko buys control of Spanish peer Eurofrits

Group 1 - Aviko has acquired full control of Eurofrits, increasing its stake from 25% to 100% [1] - The acquisition is aimed at strengthening Aviko's position in the snackables market [1][4] - Eurofrits has been a partner of Aviko since 2009, and the acquisition is expected to create new synergies [3] Group 2 - Eurofrits has been operating in the appetisers category since 1995, with a production site in Burgos, Spain [2] - The company supplies products under its own brand in Spain and Portugal, while also distributing some products exclusively through Aviko in other European markets [3] - The acquisition aligns with Royal Cosun's Unlock 30 strategy, focusing on portfolio growth and diversification [4][5] Group 3 - Aviko's CEO highlighted the importance of Eurofrits' regional presence in Spain for serving customers across Europe more effectively [2] - The acquisition adds a distinctive range of snacks and plant-based products to Aviko's portfolio [4] - Cosun's CEO emphasized that this acquisition strengthens their position in value-added products, which is a key growth area for the company [5]