Morato Pane acquires production assets from Cerealto Siro in Briviesca (Burgos)

Italian food products manufacturer Morato Pane has acquired Ceralto Siro’s production assets in Briviesca (Burgos). Cuatrecasas lawyers Federico Roig, Marta Benjumea and Graciela Garrudo advised Morato Pane on this transaction, which marks an important step forward with the company’s strategic commitment to the Iberian market.

The acquired factory has 10 production lines in 34,000-sq m premises and a turnover of around €35 million. This transaction is Morato Pane’s second acquisition outside Italy, boosting its strategic growth line in Europe.