Transgourmet Iberica Forms Joint Venture with Nudisco
Deal News | Jan 24, 2025 | Legal Community Swiss
Transgourmet Ibérica, a subsidiary of the Swiss Coop Group, has entered into a joint venture with Nudisco, a Spanish distributor specializing in canned food sales. This partnership aims to bolster their presence in Spain's Levante region, specifically targeting the supermarket segment. Transgourmet Ibérica, part of a wider network operating across several European countries, employs over 30,000 people and contributes significantly to the Coop Group's wholesale activities. The joint venture awaits approval from Spain's National Authority for Markets and Competition. Swiss law firm Niederer Kraft Frey provided legal counsel to Transgourmet Ibérica for this strategic venture.
Sectors
- Food Distribution
- Legal Services
- Retail
Geography
- Spain – The joint venture between Transgourmet Ibérica and Nudisco is focused on expanding market presence in Spain, specifically in the Levante region.
- Switzerland – The headquarters of the Coop Group and Niederer Kraft Frey, active participants in the joint venture agreement.
Industry
- Food Distribution – Involves the logistics and distribution processes necessary to supply food products to various clients such as hotels, catering services, and supermarkets. Both Transgourmet Ibérica and Nudisco operate within this industry.
- Legal Services – Pertinent to the provision of legal advisory services to Transgourmet Ibérica by Niederer Kraft Frey for the joint venture agreement.
- Retail – Relevant to the overarching activities of the Coop Group, which engages in the retail sector in addition to production and wholesale operations.
Financials
- CHF 11.6 billion – Net income generated by Transgourmet Ibérica as part of the larger Coop Group operations.
- CHF 34.6 billion – Net sales recorded by the Coop Group across all its divisions.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Transgourmet Ibérica | Target | Company | A subsidiary of the Swiss Coop Group, active in the food distribution business across Europe. |
| Nudisco | Partner | Company | A Spanish distributor specializing in the sale of canned food. |
| Niederer Kraft Frey | Legal Advisor | Company | Swiss law firm advising Transgourmet Ibérica on its joint venture with Nudisco. |
| Coop Group | Parent Company | Company | A Swiss conglomerate active in retail, production, and wholesale sectors, employing over 95,000 people. |
| National Authority for Markets and Competition (CNMC) | Regulatory Authority | Government | Spanish government authority responsible for regulatory approvals in market and competition matters. |