The shareholders of La Alegría Riojana, S.A. have reached an agreement with Grupo Empresarial Costa to proceed to a sale of 100% of its shares allowing to integrate in the group its activity of production and sale of transformed pork products with its wide range of products of cured sausages (spanish chorizo), loins and cured ham.
About La Alegría Riojana
The company is a family owned founded mid 1950’s located in La Rioja (Spain) and it is specialised in the production of cured and marinated pork products, particularly chorizo, which counts with 47 employees and reaching a business revenues of 18,7 MM Euros, of which a relevant part are to export clients. The brand name is very reputed in the local and international markets.
About Grupo Empresarial Costa
The meat division of Grupo Empresarial Costa is very active in acquisitions, where La Alegría Riojana will be integrated with Roler, Casademont, Industrias Cárnicas Villar and Embutidos La Nuncia. The Group as a whole reached revenues of 1.500 MM Euros including the animal feeding manufacturing, fresh meat, poultry division (Grupo Aviserrano), Bodegas Sommos, etc.