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Europastry launches the Dots brand to compete with Panrico’s Donuts in distribution
Cinco Días - June 2007

Europastry, the pastry and frozen bread manufacturer wants to compete with Panrico’s Donuts in the distribution chains. The company, which is controlled by the Gallés family, presented yesterday its new Dots brand, which it will introduce in the distribution network.

The company, which owns the Fripan trademark, predicts a sales turnover in 2007 of more than 300 million euros. This would mean a 12% sales increase with respect to 2006 and anticipates a gross operating profit (Ebitda) of 45 million. The company is third in its sector in Europe with regards sales turnover and carries out 15% of its sales outside Spain.

Among the countries where their products are distributed is U.S.A., Mexico and Japan. Nevertheless, the objective is "to be concentrated in the south of Europe", indicated Jordi Gallés.

75% of the shares of Europastry are currently in the hands of the Gallés family and the remaining 25% belongs to the food products group Vallcompanys. Gallés assures that following the departure of several investment companies such as Ibersuizas in 2003, there are no plans at present regarding the arrival of new shareholders in the company.

Among its forecasts for 2007, Europastry plans to invest more than 35 million Euros with the objective of extending its logistic and productive capabilities. Part of this investment will be destined to the construction of a refrigerated warehouse in Rubi (Barcelona) and to a new bread line in Vallmoll (Tarragona). Europastry has 10 production centres in Spain and Portugal.

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