The Celli Group announces today a strategic acquisition - via the new Spanish subsidiary, Celli España - of 100% of Reductores Y Variadores Del Sur S.A. “Reyvarsur” share capital.
Reyvarsur is one of the leading historical manufacturers of accessories for the beverage dispensing equipment industry. The business has remained a family run business since its establishment more than 45 years ago. The company is specialized in designing and manufacturing drink dispensing equipment components and accessories such as taps, dispense heads, gas regulators, keg changers, control panels and foam detectors. With more than 30 employees, they manufacture products in their 4,000 sqm Sevilla facility to serve more than 300 clients both in Spain and abroad.
“We've always been focused on the high quality and innovation of the products we manufacture - says Paola Corbalan, Reyvarsur CEO - and this quality and reliability have been the reason why our customers have always trusted us. We are honoured to be able to join the Group, a leading international company, and this acquisition will provide us with the opportunity to further grow our business internationally and within the Spanish market”.
“Reyvarsur is a leader in the design and production of components and accessories in the beverage dispensing industry with a clear focus on the Spanish market”- says Joost Samyn, Celli España Managing Director and Regional. “The acquisition of Reyvarsur will complete our range of products and reputation of excellence in the market, which will allow us to speed up our presence and growth in Spain. I am also happy to work together with Paola, who will continue to lead Reyvarsur operations, in order to further develop our joint business and fully satisfy Spanish customers.”
“Creating value within the Spanish market is a strategic priority for the Celli Group” - says Mauro Gallavotti, Celli Group CEO. “That’s why we decided to establish Celli España, which will be dedicated to trading the wide range of Celli dispensing equipment for beer, soft drinks and water. Now we can strengthen our new subsidiary by adding one of the most admired companies in the beer dispensing accessories segment. This will be another story of an excellent family business successfully joining our Group”.
The Group was assisted by Ughi & Nunziante and Argali Abogados as Solicitors and BDO and Ramboll for financial & tax and HSE due diligence. Reyvarsur was assisted by Deloitte as a financial advisor and Cuatrecasas as a legal advisor.