Frimancha Canarias and Montesano Canarias SA close their business integration process
The company Frimancha Canarias, owned by the Vall Companys Group, and the Canarian meat operator Montesano Canarias SA, have closed their business integration process. This integration takes place in a context of globalization of the sector, where all operators are increasingly competitive.
The objective of integrating the businesses of the two companies in the Canary Islands is to establish possible synergies that would allow them to optimise and make their operations more competitive and act as a single entity. With this operation, the shareholding of Frimancha Canarias will be divided into 75% held by the Vall Companys Group and the remaining 25% for Montesano. Likewise, the company Logística Montesano will be integrated under the same terms of the operation.
The Vall Companys Group, which closed 2022 with a turnover of 3.01 billion euros, is the leading operator in pork, poultry and flour production in Spain with more than 60 years of history. It currently generates more than 12,500 jobs, of which 415 are in the Canary Islands.
Montesano, also with more than 60 years of history in the Canary Islands, has a volume of more than 4,000 tons of processed meat per year. Its facilities with a surface area of 22,000 m2 are located in the Tenerife town of El Rosario. Currently, Montesano Canarias and Logística Montesano employ more than 275 professionals in the Canary Islands.
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