Sad news are that the Spanish company “FIESTA” is for sale. After some years of financial difficulties, the company, located near Madrid, has a tag price of around 20 Million Euros.
The same is expected to take place in July and will be organized in two parts: The sale and distribution of sweets, and the factory itself. The first business has an estimated value of 12 M Eur but the initial sale price will be 5 times the EBITDA for 2015. The company estimates that the EBITDA for 2014 will be 1,2 M Eur, so if the forecast for 2015 is the same, then the value will be 6 M Eur (half of the estimated value of the business). Regarding the building itself, it has a value of 8 M Eur but it will come out for sale for 6,7 M Eur. 50 companies have already shown interest. The company has now 140 employees and has suffered a deep restructuration process during last years and months.
You can read more about this in this link (only in Spanish) from Alimarket, who provides the info mentioned above.
The company is well-known in the Spanish market for their lollipop with a bubble gum center named “Kojak”. It has also an active export activity.
Chewing Gum Consultant 