Acquisition of Otero Trans S.L.

Pañalon S.A., through its subsidiary Caviny S.L., has formalized the acquisition of 100% of Otero Trans S.L. company.

Otero Trans, S.L. is a historic family business founded in 1946 by D. Vicente Otero Pérez, and dedicated to the transport of food products in tanks, mainly milk, oil and juices, both nationally and internationally. It is located in Vilanova de Arousa where it will maintain its facilities, offices and also the human team, thus guaranteeing an orderly continuity of operations and service.

From now on, Mr. Jaume Bertrán Hernández assumes the management of the company, making it compatible with that of Caviny, and counting for some time on the invaluable collaboration of Mr. José Cuevas, manager during the last decades of Otero, and who in a few months will have his well-deserved retirement.

The professional team, the operational and commercial synergies with Caviny, together with Pañalon’s management structure, innovation and technology, will make it possible for the final result to be beneficial for everyone, and especially for our clients.

Pañalon has made a strong return to the food transport sector, and with this second consecutive acquisition it advances towards the objective of playing a relevant role in the coming years in this industry, leading a process of progressive sectoral concentration that results in operational strength, flexibility, greater capacity and better customer service.

Safety, sustainability, responsibility, integrity and ethical principles will continue to be the pillars on which the development of our activity is based. We continue working day by day for the road transport sector and stable employment.