Procubitos Europe is the largest manufacturer and marketer of premium ice for food consumption in Europe, with 4 factories in Spain, 1 in Germany, and another in Italy, as well as numerous distribution platforms throughout the Iberian Peninsula.
The Group emerges as a result of the integration of up to 10 different companies operating in the sector (buy and build strategy) implemented by GED since its first investment back in 2017 in the proyect. During GED’s investment period, the company work in the integration and profetionalization of teams, systems, branding positioning, international development, new producto launching, and many other.
Since GED’s first investment in 2017, the company has experienced substantial value enhancement demonstrated in remarkable growth metrics. Turnover has surged by over seven times. EBITDA has soared from €1 million to €8 million, underscoring robust financial performance and operational efficiency. Moreover, the infusion of GED’s expertise has catalyzed the creation of over 150 jobs, amplifying socio-economic impact.
Equally noteworthy is the expansion of international operations, with foreign business now constituting 45% of total revenue, compared to a 5% prior to GED’s involvement. This global reach spans key markets such as Germany, Italy, France, Belgium, Portugal, and the Nordic countries, signifying a strategic penetration into diverse regions.
At the forefront of product innovation and with a steadfast commitment to quality and food safety
Procubitos Europe, via its Ice Menu catalog, presents customers an extensive array of products, formats, and ice manufacturing processes that set it apart from competitors, catering to the demands of discerning consumers.
Utilizing cutting-edge technology, the company produces ice of unparalleled quality and durability. Moreover, it implements rigorous food safety protocols compliant with international ISO and IFS standards.
The sale garnered significant interest from top-tier parties, ultimately seeing Magnum Capital emerge as the preferred bidder and the ideal partner to drive Procubitos Europe’s growth in the forthcoming phase.
About GED (www.gedcapital.com)
GED is an independent asset management firm founded in 1996, specializing in the middle-market segment. It currently manages in excess of €1 billion across different Private Equity, Infrastructure, and Venture Capital vehicles. GED boasts a diverse investor base of over 50 domestic and international entities, predominantly comprised of pension funds, fund-of-funds, insurance companies, family offices, and financial institutions.
About Procubitos Europe (www.procubitoseurope.com)
Procubitos Europe, founded in Spain in 1989, has been satisfying the needs of the most demanding ice consumers for 30 years, and has grown based on a constant dedication to service and customer attention. With multiple plants distributed throughout Europe, its combined production capacity stands at approximately 800 tons per day.
