Bidcorp’s relentlessly aggressive growth
The international food services group has made a bold foray into Spain
In its relentless drive to build scale, international food-services giant Bidcorp has added Spain to its line-up. It brings to 35 the number of countries in which the R140bn annual revenue Bidcorp operates. They stretch across five continents. Bidcorp’s move into Spain comes through its acquisition of a 90% stake in Guzmán Gastronomía & Cuttings (Guzmán) from private-equity firm Miura for an undisclosed sum. The remaining 10% is being retained by Guzmán management — led by CEO Jordi Franch, who has 16 years’ experience in the Spanish food sector. Through its deal with Miura, Bidcorp has secured control of the national leader in the distribution of fresh products to hotels, restaurants and institutions. Specialising in fruit and vegetables, and value-added products such as salads, handcrafted breads and sauces, Guzmán distributes to more than 4,000 customers from its depots in seven Spanish cities.