Fragadis has completed the acquisition of 30 Economy Cash Supermarkets operated by Koops Design International. The sale negotiations, which took place during the last months of 2024, were concluded pending confirmation of operations by the CNMC and were part of an expansion strategy aimed at giving continuity to the national project through consolidation. Aiming to grow the company in the Levante region of Spain by acquiring 30 supermarkets in strategic locations in Castellón, Valencia, Alicante, Albacete and Murcia, achieving synergies that will help the Group grow in the coming years We are aiming for
The store, which became the property of Fragadis through a purchase and sale agreement, was renovated from the former Economy Cash with the company’s strong intention to stimulate business activity through professional service, excellent customer care and carefully selected fresh ingredients. will continue to operate under the banner of , high quality products.
With the introduction of these new supermarkets, the total area will be 110,000 square meters, which, together with the current area of Fragadis, will reach a total of 280,000 square meters with 218 stores.
According to Fragadis, “This operation is an important milestone in the company’s expansion strategy, strengthening the company’s position across the Levantine region of Spain over the summer and joining the Mediterranean arc linking the southern part of the province of Barcelona with Barcelona. The Murcia region represents an important business challenge to grow and develop in order to increase its competitiveness in the food sector market. ”
Fragadis is therefore set to record one of the biggest years of growth in its entire history, thanks to new store openings and the acquisition of 30 new facilities, the latter contributing to a 30% increase in the company’s sales. Contributed.
The acquired supermarket will be a modern facility with a large sales area of 1,000 to 2,000 square meters, where customers will enjoy all the necessary services, including parking, facilitating an excellent shopping experience.
With the introduction of these new supermarkets, the total area will be 110,000 square meters, which, together with the current area of Fragadis, will reach a total of 280,000 square meters with 218 stores. Meanwhile, the Group continues to actively seek new acquisitions in the market, while expanding its own store network and continuing its ambitious renovation and modernization plans. The economic cash worker will join the current Fragadis team and with this assignment of work will bring the team’s staff to 2,900 professionals.
This announcement is in addition to Consum’s acquisition of nine supermarkets from the same company, Kuups Design International, announced during the last Aecoc Mass Consumption Congress.
