Cándido Miró has acquired the brands Ibérica and Maestro de Oliva and partnered with Miura Partners to form Olive&Co, aiming to consolidate the market and expand its international presence in the olive and healthy snacks sector.

Target Information

Cándido Miró, a leading company in the production and distribution of quality olives, operates primarily under the brand Serpis. The company made a remarkable turn in its financial performance, achieving a record turnover of approximately 54 million euros by the end of 2023. With recent acquisitions, it anticipates rising to over 70 million euros in revenue in 2024. As a family business based in Alcoy, Alicante, Cándido Miró has a long history of innovation, having been the first in Spain to market stuffed olives with anchovy in 1926. It has since grown to dominate the domestic sector while establishing a robust international presence, exporting to more than 40 countries worldwide.

Industry Overview

Spain is renowned for its extensive olive production, contributing significantly to the global market for olives and olive oil. The country holds a prominent position within the Mediterranean diet, which emphasizes the health benefits associated with olives and their derivatives. The Spanish olive industry is characterized by a blend of traditional cultivation methods and modern production techniques, ensuring that quality remains paramount in an increasingly competitive environment.

In recent years, there has been a growing trend towards healthy snacks and natural food products. This shift in consumer preferences has prompted companies to diversify their product offerings, focusing on oli