Uvesa acquires Cobur for €7.75 million
Spanish Uvesa Group recently acquired the production unit in Burgos owned by Cobur for €7.75 million. The transaction, which for a month has been approved by the Commercial Court No. 1 of Burgos, guarantees the 26 current jobs and the medium-term recovery of the incubator's activity, currently closed.
After the acquisition, Uvesa will launch a new business plan that contemplates increasing the production of the feed mill in the very short term, with the incorporation of a second shift, to improve efficiency and optimize said asset. Likewise, the company has several alternatives to give utility to the rest of the assets and facilities, with the aim of capturing as many synergies as possible for the Group as a whole and simultaneously strengthening the efficiency of this production unit.
The assets awarded to Uvesa are located in the Monte de la Abadesa Industrial Park, where Cobur has different facilities, among which are a slaughterhouse with freezing (currently closed), a multipurpose warehouse, a feed factory, a incubation, a ham dryer and a general services building.
The deal does not include the La Despensa stores or the Cobur breeding farms and estates, which are part of another sale process that remains open, although unrelated to this production unit in Monte de la Abadesa.
According to Antonio Sánchez, president of Uvesa, “since the insolvency adjudication process of these Cobur assets began in April 2020, we have always worked with the aim of making a differential proposal that would add value to this cooperative already Burgos and that, in parallel, would allow us to continue strengthening our leadership. After passing all the procedures required during the bankruptcy process, the acquisition of the Monte de la Abadesa production unit is now a reality, and the first step to fulfill the commitment we have acquired: to boost your business, improve your competitiveness and guarantee your activity. and that of all their jobs ”.
Tasio Martín, president of Cobur, considers that “Uvesa's commitment is a commitment to the future that allows us, from now on, to work on a new, much larger and more ambitious project, by becoming part of a company that has a history of more than 50 years and that occupies leadership positions in the meat sector. A company that we know well, with which we have collaborated for years and that has already helped us in the past, when in 2018, after the closure of our slaughterhouse and cutting room, they were responsible for the slaughter of our chicken production in their Segovian facilities in Cuéllar ”.
For Martín “now we are starting a new stage. And although we do it at a very complex time, we are convinced that we will approach it with the best of partners, who will provide us with the know-how, synergies and the necessary effort to, together, assume responsibility for this new project be viable."
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