Profand announces acquisition to expand industrial capacity in Spain

The Spanish multinational seafood company Profand announced today that it has reached an agreement with Alantra Private Equity and the other shareholders of Unión Martín Group—an operator specialized in the catching, processing, and commercialization of seafood products—for its acquisition, thus expanding its industrial capacity in Spain.

Subject to the fulfilment of certain conditions precedent, the transaction is part of Profand's strategy to consolidate its fish business and boost its industrialization in the Canary Islands, where Unión Martín is headquartered.

However, it will also allow the company to strengthen its growth strategy nationally, since, although Unión Martín Group's headquarters is in Las Palmas, the capital of Gran Canaria, the scope of the transaction includes both the company's operations in the Canary Islands and those of its sister company in Valencia, Silomar.

Silomar, a leading company in the frozen fish sector, was acquired by Unión Martín in 2022 and has a processing plant and cold storage facilities with a total area of ​​19,000 square meters.

Thus, with the acquisition announced today, Profand Group not only advances in its objective of continuing to develop a solid industrial project with a long-term vocation in the Canary Islands market, but the Spanish seafood giant also strengthens its presence in the Iberian Peninsula.

This has been confirmed by Enrique García, President & CEO of the Profand Group. "This transaction reflects the company's intention to continue growing in an orderly manner, strengthening its industrial capacity and its presence in strategic markets such as the Canary Islands," he has stated.

"The incorporation of Unión Martín fully aligns with our roadmap and allows us to continue building a leading project in the fish business, with a clear commitment to investment and long-term value creation," García has added.

Just two weeks ago, we learned that Profand—which, a year ago, announced that its majority shareholder, the holding company Lucasiñas S.L.U., had reached an agreement with Corporación Financiera Alba (Alba) to acquire its 23.7% stake, regaining the Group's full control—had closed 2025 surpassing EUR 1.1 billion in revenue, repeating the historic success of the previous year 2024, when it had already recorded record revenues of more than EUR 1 billion.

According to the seafood giant, the progress recorded in 2025 was largely due to its collaboration with Mercadona, one of Spain's largest supermarket chains. The acquisition of Unión Martín Group, which, as mentioned, includes the frozen food producer and distributor Silomar, will allow it to be even better positioned to meet the growing domestic demand in Spain.