M. Dias Branco acquires 80% of Grespan Pães Congelados for R$ 208.4M

Brazilian food company M. Dias Branco agreed to acquire 80% of frozen bread maker Grespan Pães Congelados for R$ 208.4 million, with R$ 2.5 million held back for post-closing net debt and working capital adjustments. The deal expands M. Dias Branco's presence in the frozen bakery segment, a strategic move to diversify beyond its core pasta and biscuit lines. Financial details and expected synergies remain undisclosed, and the transaction is subject to customary closing conditions.

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