Idilia Foods agrees with Damm to purchase 50% of Cacaolat

July 1, 2024

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Idilia Foods and Damm have announced an agreement that will mean the acquisition of 50% of Cacaolat by Idilia Foods. This agreement will create the largest smoothie group in Spain. The operation is pending approval by the National Markets and Competition Commission (CNMC).

In this way, Cacaolat will unite its iconic brands Cacaolat, Letona, and Laccao the management, marketing and distribution of the ColaCao Energy, ColaCao Shake and Okey shake brands. A commitment that will allow us to continue promoting the development of the smoothie category and the presence of these brands in the national and international market.

At a productive level, the agreement maintains the production of Cacaolat brand products at its plant located in Santa Coloma de Gramanet, Barcelona.

Cacaolat will continue to operate independently under the management team led by its CEO, Josep Barbena. The goal is to further accelerate growth in the dairy shake market at a national and international level.

In 2023, Grupo Cacaolat had a turnover of 82 million euros, which represented a growth of 12,8% compared to 2022, and employed 225 people. Since 2019, the company has implemented a transformation and growth plan with positive results based on 5 key levers: people, commercial excellence, innovation – digital transformation, sustainability and internationalization.

Since its birth in 1933 in Barcelona, ​​Cacaolat has established itself as the most relevant brand of dairy shakes, achieving national leadership and being the best-selling shake in Spain. Furthermore, in recent years, it has had an internationalization plan that has allowed it to be present in more than 30 countries. Part of the success of this growth is attributed to the inauguration in 2013 of its production center in Santa Coloma de Gramanet, whose facilities have the most modern and efficient technology to guarantee the highest quality standards.

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