North American bakery Dawn Foods buys Icopa, the largest distributor in the sector in Portugal – Comércio

Dawn Foods, an American company specializing in food production and distribution, announced the purchase of Portuguese company Icopa, the largest distributor in the sector in Portugal, according to a statement released by the centenary company based in the Michigan. Transaction amounts were not disclosed.“The addition of Icopa’s distribution capabilities and team members allows us to better serve the needs of bakery customers in this region,” said Carrie Jones-Barber, CEO of Dawn Foods, in the same note. “The combination of Dawn’s ingredient portfolio and Icopa’s bakery product portfolio, including packaging, utensils and decorating supplies, will ensure that bakeries have access to all the products and supplies they need to help them expand their businesses. business”, can be read in the statement.

This announcement marks Dawn Foods’ second acquisition this year. In March, the company acquired JABEX, a manufacturer of fruit-based products in Poland.

At Icopa is dedicated to the preparation, marketing, export, import and distribution of products and other items for the Food Industry (Breadmaking, Pastry, Ice Cream and HORECA channel). The company was founded in July 1990 through the merger between the companies António Santos Lopes, Lda and Viana & Pinheiro.

In May 2006, the company underwent changes in its corporate structure, having been sold to former partners and employees. Therefore, it is now 100% owned by an associated company, Lexvipes – Produtos Alimentares, Lda, which is primarily engaged in the marketing and distribution of Yeasts and Salt.

Currently the Portuguese company sells thebakery items and pastelaria, pskins and packaging and thearticles for decorations. THE Icopa has its own distribution network that covers the entire national territory, from its headquarters in Palmela, and has offices in the North (Alfena) and Algarve (Loulé).

In addition to national territory, the company exports for Europe (namely the United Kingdom, Germany, Luxembourg, Belgium and France) and for the PALOP (mainly Angola and Cape Verde). According to its website, the company has 4,000 customers and a turnover of around 12 million euros.

Source: Jornal de Negócios by

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