Patatas Meléndez Acquires Integral Potato

Patatas Meléndez recently announced the purchase of the Integral Potato facilities, located in the Valladolid town of Medina del Campo, Spain, which was declared bankrupt by the Commercial Court of Valladolid in November 2017 and which began liquidation procedures in November 2019.

The purchase agreement, authorized by the bankruptcy judge, states that in addition to the acquisition of the tangible assets of the bankrupt company and the payment of a significant amount towards reducing its liabilities, the company must retain the workforce of Integral Potato.

The aforementioned operation authorized by the Commercial Court has also allowed Patatas Meléndez to acquire the ownership of the land in which Integral Potato was carrying out its activity.

The purchase of the Integral Potato factory is part of the growth and innovation strategy of Patatas Meléndez, who will make a significant investment in the new facilities acquired, in a clear commitment to social cohesion in the Medina del Campo region.

Javier Meléndez commented on the acquisition: "with this, we add 5,200 sqm more to our 24,000 sqm of existing facilities, which means an increase in production capacity of around 30% which, given the current situation, will allow us to intensify production and guarantee the supply to all our clients. Furthermore, we are very satisfied with maintaining the jobs in the region."

Patatas Meléndez is the leading Valladolid company in the production of fresh potatoes in Spain with a 19.1% market share and a turnover of over EUR88m.