CriteriaCaixa’s incorporation as a relevant shareholder with a 20% stake will be carried out through a capital increase, and it will consolidate Europastry’s expansion strategy.
Barcelona, 31 March 2025.- CriteriaCaixa, the investment holding company that manages “la Caixa” Foundation’s business assets, has reached a preliminary agreement to invest in Europastry, an international leader in the frozen bakery dough sector, through a capital increase operation. This partnership aims to drive the company’s growth, accelerate its global expansion and strengthen its commitment to innovation and production excellence.
CriteriaCaixa’s incorporation as a relevant shareholder with a stake of approximately 20% is expected to be formalised in the coming weeks. This operation reinforces the holding company’s objective, within the framework of its 2030 Strategic Plan, of investing in leading companies in highly attractive sectors and with a capacity to grow and generate value. Criteria will thus cement its diversification strategy, gaining exposure in the food sector and directly impacting on the potential of a leading company. Furthermore, this operation consolidates Europastry’s long-term strategy.
With a turnover of €1,506 million in 2024, an EBITDA of €237 million and a record investment of €124.4 million in R&D and technology, Europastry is at a pivotal moment to take the next step in its development. Hence, this operation fits into CriteriaCaixa’s strategy of seeking investment options with a long-term approach that contribute to developing the industrial fabric.
This investment is part of the drive outlined in the Strategic Plan for Criteria’s private equity portfolio, aiming to reach an estimated value of €4,000 million by 2030. As the first investment holding company in Spain and one of the first in Europe, CriteriaCaixa manages a portfolio of €30,400 million and aims to reach €40,000 million by 2030.
About Europastry
Established in Barcelona over 30 years ago, Europastry is a family-owned company that is currently the number one international pure player in the industry.
Thanks to the use of freeze as a preservation method, it is transforming the bakery industry with products combining tradition, innovation and quality. The company is currently present in more than 80 countries through its 27 production plants and has a clear focus on ESG (environmental, social and governance) strategy.
