We use our own and third-party cookies to improve our services. If you continue to browse, we recommend you accept their use. You can get more information on know how to change the settings of your browser in our cookies policy.
Bussines-Activity: Manufacturer and distributor of ice cube
Product: Joint venture loan
Total Investment: €2.8M
Total Investment: €2M
COFIDES has already supported Procubitos in its implementation in Germany. To this end, it has provided two joint venture loans for the acquisition of a German company, dedicated to the production and distribution of ice cubes, as well as its expansion.
With this project, Procubitos has expanded its production capacity and strengthened its position in Germany by introducing new value-add products commercialised in Spain. It will use part of its production capability to export to potential third countries. Both operations have been financed through the FONPYME Fund.
Procubitos S.L. is a company with more than 25 years’ experience as a manufacturer and distributor of ice cube bags and it is the national leader with several production plants. It has the greatest capacity of ice cube production in the European market and has experience in exporting products. It is part of Grupo Empresarial Hervaz, an Andalusian business group that performs its activities in several sectors: industry, agriculture, cattle and energy.