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  6. Palacios Acquires Elore Enterprises

M&A Deal Summary

Palacios Acquires Elore Enterprises

On November 16, 2016, Palacios acquired food company Elore Enterprises

Acquisition Highlights
  • This is Palacios’ 2nd transaction in the Food sector.
  • This is Palacios’ 1st transaction in the United States.
  • This is Palacios’ 1st transaction in Florida.

M&A Deal Summary
Date 2016-11-16
Target Elore Enterprises
Sector Food
Buyer(s) Palacios
Deal Type Add-on Acquisition

Target

Elore Enterprises

Miami, Florida, United States
Quijote is a manufacturer and distributor of food products under domestic brand Chorizos Quijote.

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Buyer(S) 1

Buyer

Palacios

Albelda de Iregua, Spain
Category Company
Founded 1960
Sector Food
Revenue 200M EUR (2018)
DESCRIPTION

Palacios is a private food company in the chilled & ready meals market. Palacios Food has a full portfolio of dry goods under Gallo's own brand or distribution brands. Gallo also makes fresh products (fresh pasta and fresh sauces). Palacios was founded in 1960 and is based in Albelda de Iregua, Spain.

DEAL STATS #
Overall 2 of 2
Sector: Food M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: Florida M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-16 Precocinados Fuentetaja Sl

San Martin Y Mudrian, Spain

Precocinados Fuentetaja Sl is a manufacturer of chilled and ready-to-eat products like tortilla española, as well as chilled pizzas and other products.

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Mergr

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