Spanish firm Vicky Foods acquires Panrico and expands production in Portugal

Vicky Foods has reached an agreement with Adam Foods to acquire the bakery brand Panrico, including key industrial assets such as the Gulpilhares factory in Portugal. The facility spans over 50,000 square metres and features three sliced bread production lines with an annual capacity of 21,000 tonnes. The deal, the value of which remains undisclosed, covers both the Portuguese and Spanish markets and strengthens Vicky Foods' position in the bread category, which has been its primary business line by sales volume since 2022. Last year, Panrico generated over 23.8 million euros in revenue across both markets.