October 2011: The Asturian Fandiño merges and creates Promar one of the largest frozen company in Spain.
The new company, Profand, with factories in Asturias, Galicia, Argentina, Peru and Senegal, and its own fleet climbs to fifth in the sector - Saco avilesina The family controls 55% of the capital.
Profand (Promar and Fandiño acronym) was created as a multinational group with operations in several countries and continents. The merger has been done through a capital increase by 2.95 million Promar to absorb Fandino, thus resulting subscribed capital stood at 3.93 million. Of these, 2.92 million subscribe Fandino (75%) and Promar, 0.98 million (25%). Promar provides, among other assets, its plant in Galicia and three in Peru (one, in the process of execution) and Fandino group contributes to their factories in Aviles, Puerto Deseado (Argentina) and Ziguinchor (Casamance, Senegal), plus OEMs two companies with six ships, a division of distribution by trucks and vans and relevant shareholdings in four companies Galician: Fandicosta 32.6%, 12% of refrigerators Oya (Frioya), 51% of Galician Marine Aquiculture (GMA) and Iris subsidiary Coruña, all linked to sector.El new group, add the total production of four other companies in which Fandino, will become the third country by tonnage, behind the giant Pescanova and Pescapuerta.
The two companies, both owned family have entered into a merger by absorption by Promar Fandino, although the Spaniard shareholders (family Saco) have 55% of the capital of the enlarged group and the Galician group (García Chillon), the 45%, according to the documentation provided in the Commercial Register of Vigo, where both partners have corporate headquarters. The new group has preferred not to comment on the operation.