An acquisition that enables Mauffrey to extend its geographical presence and consolidate its position in the specialized transport market.
Following on from its first acquisition in Italy in February 2024, the Mauffrey Group announces its first acquisition in Spain, enabling it to extend its geographical presence and consolidate its position in the specialized transport market.
∕ Transport organizer Groupe Mauffrey has completed the acquisition of Spanish company Global Feed Ecotrans, which specializes mainly in the transport of animal nutrition, but also in the transport of general cargo, cereals and live animals.
∕ Since its foundation in 1964, the Mauffrey Group has embodied a family business and a leading European player in the transport sector. Offering a comprehensive range of services, Mauffrey stands out for its ability to provide added value to its customers at every stage of the transport process.
A specialist in bulk transport, the group operates across a wide range of sectors. In particular, the group is developing its know-how in the transport of agricultural products, including animal feed, cereals and milk collection. Thanks to tailor-made solutions and modern equipment, it ensures the preservation and safety of the goods transported.
∕ Global Feed Ecotrans was born in 2013 from the merger of two family-owned transport companies, Transportes Ojechar and Traginers del Vendrell. The company has established itself as a leader in the transport of animal feed, raw materials for this industry. Global Feed Ecotrans ensures a close proximity to its customers, while developing part of its business beyond national borders. Its strong integration in the logistics management of their customers’ flows, both upstream and downstream of animal feed manufacturing, testifies to the quality of its support and its ability to adapt to the specific needs of its partners.
∕ With the acquisition of Global Feed Ecotrans, the Mauffrey Group significantly strengthens its position in the agricultural sector on a European scale. By integrating this key player in animal feed transport, Mauffrey broadens its expertise and establishes itself for the first time in Spain, a strategic market where Global Feed Ecotrans has forged solid links with leading customers.
This merger enables the Mauffrey Group to add more than 300 transport units to its fleet, including silos, tankers for animal nutrition, as well as forwarders, tippers and bagged semi-trailers, thus reinforcing its logistical capacities and responsiveness in the field.
This acquisition also includes the integration of 350 new employees, split between drivers and support functions. This addition significantly enriches the Group’s human expertise.
With sales of €63 million in 2023, Global Feed Ecotrans brings not only specialized skills, but also a strong commitment to social responsibility, with 80% of its fleet powered by gas and an ambitious goal to accelerate the transition to electric. This commitment to decarbonizing their fleet is fully in line with the Mauffrey Group’s objective of reducing CO2 emissions by 50% by 2030.
This operation is fully in line with the Mauffrey Group’s strategy of expansion in Europe, affirming its position as a benchmark in specialized transport, particularly in the agricultural sector. By acquiring a company recognized for its expertise and sharing family values and high standards, the Mauffrey Group is consolidating its growth while reinforcing its commitment to sustainable and innovative transport practices.
A transaction supported by Altios Corporate Finance
- After a first successful operation in Italy, ALTIOS Corporate Finance’s role was to support the Mauffrey Group in its external growth strategy in Spain. The mandate included several key stages, ranging from identifying companies with a geographical and business complementarity with the Mauffrey Group, to making contact with relevant targets, via the financial analysis of these targets, and ending with support during the negotiation and due diligence coordination phases.
- The role of Altios Corporate Finance:
- Screening, market research, identification and qualification of potential acquisition targets across several countries.
- Approach of qualified targets
- Coordination of negotiations (LOI, SPA, Pacte, etc.) and due diligence
- With the completion of this transaction, ALTIOS Corporate Finance confirms its ability to support its clients in complex operations and to successfully complete strategic cross-border transactions over several countries and by private treaty.
- ALTIOS Corporate Finance confirms its positioning as a buy-side M&A advisor in international small & mid cap external growth transactions.
- ALTIOS also demonstrates its ability to forge long-term relationships with its customers, enabling support as close as possible to companies’ strategic capital challenges in conjunction with Groupe LCL, which helped forge the business relationship with Mauffrey.
Testimonial Mauffrey Group
„ We are delighted to have the Global Feed Ecotrans teams working with us. This collaboration will, I’m sure, be a success in the European agricultural transport sector and will enable us to develop the visibility of our know-how and our niche businesses in Spain!”
Dominique Mauffrey, Chairman of the Supervisory Board of Groupe Mauffrey
Testimonial of Altios Corporate Finance
„ We are delighted to have finalized this second acquisition for the Mauffrey Group, enabling it to establish itself in Spain with one of the sector’s leaders. The shared values with Global Feed Ecotrans and the complementary positioning of the 2 companies will enable us to maximize synergies, and continue the Group’s international growth.”
Alexandre Kaplan, M&A Director and Partner ALTIOS Corporate Finance
Advisors
Buyer’s advisors:
- Altios Corporate Finance (M&A): Alexandre Kaplan, Camille Garbolino, Alistair Le Gras and Charlène Mauger
- Grant Thornton (Financial & Tax): Emilie Descroix, Stéphany Brévost, Annaig Cohen, Ramon Bustamente, Laura Aparicio
- GateAvocats (Legal & Labor): Julien Mougel – Roca Junyent – Xavier Costa Arnau, Carla Munt Feixas EHS: SGS – Ainhoa Mendivil Martinez, Inigo Pascual Sagastagoitia
Contact Press: Alexandre Kaplan, M&A Director, a.kaplan@altios.com
