Business · Companies · 8 hrs ago

Premier Foods & Meat seeks insolvency protection as Dispocat bids for assets

Premier Foods & Meat seeks insolvency protection as Dispocat bids for assets

Catalan meat company Premier Foods & Meat has filed for insolvency in Barcelona's commercial courts.

It built the Zander Foods group through acquisitions over six years, bringing together brands including Max Zander and Embotits Espina.

Dispocat is currently the sole bidder for Premier's productive unit; it distributes Max Zander and Embotits Espina, while Premier makes products for Dispocat's Tamaric brand.

Dispocat has offered €30,000 for the brands' intangible assets and Premier's shares in a Romanian distributor.

Its proposal would retain 40 jobs and includes Espina's rented warehouses in Vic, but excludes the group's facilities in Montcada i Reixac.

The bid links two companies with existing business ties, but the available information does not say whether it will be accepted.

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