June 2010: Azkoyen sells to Group Leche Pascual 100% of its subsidiary Azkoyen Hostelería (Ahosa), one of the leading companies in the manufacture and commercialisation of coffee in the hotel, restaurant and catering sector (Horeca).
Ahosa, the coffee and consumibles subsidiary of Azkoyen, owns the brand Mocay (operating exclusively in the Horeca sector), positioned in the high end of the market, and has a significant presence in a very fragmented sector. In addition to Mocay, Ahosa also provides coffee machines and has a coffee roaster in Pamplona and 21 branches spread throughout Spain.
With this acquisition, Group Leche Pascual strengthens its presence in the Horeca sector, where it is already significantly implemented with 20 sales offices and more than 350 distributors, both with own brands as with agreements with Heinz, Kellog or Aguas das Pedras.
SOCIOS FINANCIEROS advises the shareholders of Ahosa on the identification of buyers and on the negotiations and the closing of the transaction.