PHI Industrial has acquired Panalia and Palinox, enhancing its portfolio in the food and artisanal bakery sectors in Spain.
Target Companies Overview
PHI Industrial, a private equity firm recognized for its focus on special situations in Spain, has recently acquired two companies: Panalia Derivados de la Harina (Panalia) and Palinox Ingeniería y Proyectos. Both entities were previously managed by family entrepreneurs. This investment marks a significant step for PHI as it deploys its third fund.
Palinox, located in Barcelona, specializes in designing and manufacturing refrigeration solutions for the food industry, reporting a revenue of €20 million and an EBITDA of €4.5 million in the last fiscal year. Conversely, Panalia, based in Madrid, is a premium artisanal bakery brand that has distinguished itself through innovation and quality, generating €13 million in sales and €2 million in EBITDA in 2024.
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Industry Overview in Spain
The industrial sector in Spain has seen steady growth, particularly in food technologies and artisanal food production. Advances in refrigeration technology are crucial for the food industry, which is experiencing incr
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Disclosed details
Revenue: $33M
EBITDA: $7M