M. Dias Branco acquires 80% stake in Grespan Pães Congelados

M. Dias Branco, the manufacturer behind brands such as Piraquê, Adria, and Vitarella, has signed a contract to acquire 80% of the social capital of Grespan Pães Congelados. The acquisition, executed through its controlled subsidiary Jasmine Indústria e Comércio de Alimentos, marks the company’s entry into the frozen bread segment.

Based in Marília, São Paulo, Grespan was founded in 2009 and reported gross revenue of approximately R$ 138.7 million in 2025. The company serves over 1,100 customers, primarily in the Southeast and Midwest regions of Brazil, providing frozen products to supermarkets, wholesalers, and bakeries.

The agreement includes an option to purchase the remaining 20% of the company within five years of the transaction's closing. To ensure long-term development and preserve institutional knowledge, Grespan’s current partners will remain involved in the business for up to five years. M. Dias Branco intends to utilize its existing commercial and distribution infrastructure to expand Grespan’s market reach.