Grupo Costa acquires Juan Luna, a European market leader in all categories of sliced cold meats and snacks
The operation strengthens the Costa Food Group holding’s presence with regard to the end consumer and reinforces its industrial structure
Grupo Empresarial Costa has acquired Juan Luna, a leading company in the European market in sliced cold meats and cheese and meat snacks. The company’s majority shareholder until now was Nazca Capital. This brand is thus added to the Costa Food Group holding, the only national meat purveyor which currently supplies ‘Iberico’ and white pork, chicken, and turkey. As explained by Jorge Costa, CEO of the group, “The acquisition of Juan Luna allows us to strengthen our options in the pre-packaged food market, and also to extend our ranges. It will undoubtedly boost our growth, as it is a leading company in cutting, slicing and packaging. This incorporation is key to bringing continuity to our commitment to being closer to the end consumer”.
Grupo Costa acquires Juan Luna, a European market leader in all categories of sliced cold meats and snacks
Costa Food Group
Álvaro Mariátegui, CEO of Nazca, explained that “Juan Luna is our twenty-third divestment, following a project in which we have opted for industrial reinforcement and the transformation of a family business into a leading Spanish company with independent, professional management. The choice of buyer of our investees is very important to us and we are convinced that Costa Food Group is the ideal group in which to integrate Juan Luna, for its prestige, growth strategy and cross-selling potential”.
The Juan Luna plant in Sollana (Valencia) produces pre-packaged, ready-to-eat meat and cheese products in different formats: sliced, cuts, diced, wedges, cheeseboards, presentation cases, etc. The company has 245 employees and its aggregate turnover in 2021 was 56.5 million euros. Grupo Costa’s aggregate turnover forecast for 2021 is 1700 million euros.
Sustainability and circular economy
Juan Luna was founded in1989 and is backed by over 30 years’ experience in the sector. It is fully aligned with the sustainability values of Costa Food Group, and one of its initiatives is to work towards the reduction of its carbon footprint by maintaining zero levels of CO₂ emissions. It also applies a circular economy model whereby it reuses its cardboard and plastic surpluses to create new packaging, thus promoting environmentally responsible practices.
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