Juvasa Group has acquired Tapas Envases Rioja
Madrid – CFI is pleased to announce that it served as the exclusive financial advisor to Jusava in its purchase of Tapas Envases Rioja.
Juvasa is a leading company in the Iberian packaging sector. Founded in 1987 in order to source glass jars for Founder Juan Valle Santos to market his honey is, it is now a leading supplier of glass bottles and jars with locations throughout Spain, Portugal, the Canary Islands.
Tapas Envases Rioja is specialized in the F&B packaging sector and, with the incorporation of Juvasa Group, it gains a leading position in the north of Iberia. Furthermore, Juvasa Group strengthens its e-commerce business doubling its sales.
The CEO of Juvasa Group, José Valle has declared that “this movement consolidates our role as a comprehensive supplier of packaging, and allow us to offer our customers a greater range for such a sector key such as the food industry, as well as a greater logistics and packaging designs capacity”.
The transaction was completed 3 June 2021.
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Juvasa has acquired Tapas Envases Rioja as part of its growth business plan
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