Viserion International and its subsidiaries are backed by a fund managed by Pinnacle Asset Management, a New York-based alternative asset management firm focused on global commodities markets.
The soybean crushing facility, located at Moll Álvarez de la Campa in Barcelona, targets the Catalan, Spanish and European feed, and food ingredient sectors.
Elian Barcelona is now looking to expand the plant’s capabilities to produce a wider range of sustainable, innovative food and specialty feed ingredients, through concentration and textured protein, key to supporting the delivery of farm-to-food products across European and Mediterranean markets.
All current employees at the facility are expected to be retained; Elian Barcelona said it plans to increase the plant’s headcount as it enhances production activities.
The transaction is expected to be completed in first quarter 2024, subject to regulatory approval from the Barcelona Port Authority.
Tackling supply chain disruptions
“We are proud to acquire and advance this important Catalan processing plant as we build a more resilient food system across Europe,” said Andres Martin, founder and general manager of Elian Barcelona.
“Sustainability is our core foundational value, and we believe that this strategic asset – coupled with Viserion’s scale, resources, and expertise – will allow us to better align our services with consumers and food system trends, enhance European food security, and resist supply chain disruptions,” he added.