InvestIndustrial acquires majority stake in Spanish ice cream maker Grupo Alacant

Founded in 1972 in Alicante by a group of more than 30 ice cream producers, Grupo Alacant specializes in private label production for retail chains, as well as contract manufacturing for leading ice cream brands.

The company offers a wide range of products, including: ice cream in containers, cones, popsicles, sandwiches and portion packs, ice cream in bulk.

In 2024, Grupo Alacant recorded revenues of €225 million. The company's production facilities include four plants in Alicante, Murcia and Madrid, and employs around 850 people.

The deal with InvestIndustrial will be a key step for the company, as it will allow it to strengthen its position in the Spanish market and strengthen its production capacity through a significant investment. In addition, Grupo Alacant plans to actively pursue international expansion, both organically and through M&A, with the goal of becoming one of the leading independent private label ice cream producers in Europe.

Andrea C. Bonomi, Chairman of the Advisory Board of InvestIndustrial: "Grupo Alacant operates in an industry that InvestIndustrial is very familiar with, thanks to our previous and current investments in the private label sector. We are proud to invest in Grupo Alacant, as we are confident that we can help the company in its next stage of development, strengthening its position in Spain and expanding its business abroad."

Joaquín Lancis, CEO of Grupo Alacant: "We are pleased to partner with InvestIndustrial as we aim to strengthen our position among key clients and expand our business abroad. We are confident that InvestIndustrial's extensive experience in the private label sector and their professional team will help us reach new heights in Europe."

The financial terms of the transaction were not disclosed.