M. Dias Branco (MDIA3) Buys 80% From Frozen Bread Maker Grespan – Money Times

Globo

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M. Dias Branco wants to lead the consolidation of the Brazilian market for frozen breads, with new factories and acquisitions. The purchase of 80% of Grespan, announced on Friday (16), marks the entry of the manufacturer of pasta and biscuits in the segment. We are entering to lead this consolidation process, said Gustavo Theodozio, Vice President of Investments, Controller and Relations with Investors of the Company, in an interview with Valor.…

NeoFeed

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A Brazilian manufacturer of pasta and biscuits, M. Dias Branco interrupted a fast of exactly four years when announcing the acquisition of control of Grespan, a manufacturer of frozen bread, at the end of the afternoon of Friday, October 16. According to the transaction, whose values were not revealed, M. Dias Branco is signing a contract [...] The post M. Dias Branco interrupts M&A's fast and debuts in frozen bread with Grespan's purchase appea…

moneytimes.com.br

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M. Dias Branco (MDIA3) signed a contract to acquire 80% of Grespan's share capital Frozen Panes, a manufacturer based in Marília (SP). The agreement also provides for an option to purchase the remaining 20% in up to five years after the closure of the operation. Founded in 2009, Grespan operates in the manufacture and marketing of products from [...]

Terra

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M. Dias Branco announced this Friday entry into the segment of frozen breads by means of ...