Incarlopsa enters the US market with Acornseekers deal
As part of the deal, Incarlopsa will take over 67% of the Texas-based company as it plans to grow its international business.
Acornseekers has operated for more than four years and produces 100% Pure Acorn Iberian pigs across the US market.
Incarlopsa CEO Clemente Loriente said the acquisition allowed the business to establish itself in a country that had a very positive outlook in the sector, as well as offering the Spanish firm “great business opportunities”.
“It is an important step in the internationalisation strategy that the company has been following for some years,” said Loriente. “We have acquired a majority stake because, for the future development of the company, it is essential to grow in the international business – guaranteeing quality and food security – within a context of increasing competitiveness and globalisation, installing ourselves in the most important markets in the world.”
He added: “In Acornseekers, its founders who share their important experience and knowledge of the North American market and operations will continue to participate as shareholder partners.”
The Spanish meat industry recently opened up the Chinese market for its fresh meat and sausages, following a trading agreement between Spain’s Prime Minister Pedro Sanchez and Chinese President Xi Jinping in November 2018.
