Vallis Sustainable Investments I informs that it has agreed with Chocolates Valor, the sale of 100% of the share capital of Imperial – Produtos Alimentares, S.A..
Imperial is the Portuguese leading company in the production and marketing of chocolates, with more than 90 years of history, it owns emblematic brands such as Regina, Jubileu, Pantagruel, Pintarolas and Allegro, among others.
During the holding period by Vallis Sustainable Investments I Fund, Imperial registered a successful path, sustained by the recognition by its Customers of the quality of its products, the notoriety of its brands, and an ambitious plan to reinforce its industrial capacity, which represented an investment of more than 16 million Euros in 5 years.
With this operation, Chocolates Valor completes its first international acquisition operation and reinforces its position in the Iberian chocolate sector. The combination of the two companies will enhance the development of their businesses, strengthening and projecting their brands and maximizing their synergies.
The CEO of Vallis Capital Partners, Eduardo Rocha, said that it is with great satisfaction that, with this operation, Imperial saw recognized its path over the past 5 years, in which it consolidated the prestige and notoriety of its brands, at the same time which it invested in the modernization of its industrial facilities. In addition, he asserted his belief that Chocolates Valor, due to its experience and reputation in the sector, will be the right shareholder to continue supporting Imperial’s growth.
With this sale, Vallis Sustainable Investments I successfully continues its cycle of divestment and generating liquidity for its investors, despite the current global context of uncertainty and recession.
The present transaction is, under the terms of the law, subject to the decision of non-opposition by the Competition Authority.
