Airos Merges With Esgir to Form Gluten-Free Food Company
Spanish gluten-free bakery company Airos Delicatessen has merged with Valencia-based breakfast cereal maker Esgir, backed by asset manager Impact Bridge. The merger is expected to create a leading gluten-free food business with combined pro-forma annual revenues of approximately €30 million ($34.8m). Both companies specialize in free-from products—Airos focuses on bakery and frozen items while Esgir produces sugar-free, lactose-free cereals. The new entity will be named Airos Group and aims to leverage product complementarity, a strong commercial presence across Spanish retail and foodservice sectors, two production facilities, and an R&D team. The combined company plans to invest €10 million in expanding its production capacity, modernizing processes, and pursuing international expansion as well as further acquisitions. Airos founder David Martínez will remain CEO of the new group alongside Esgir's management team. Impact Bridge highlighted growing demand for gluten-free products due to rising awareness around celiac disease and gluten intolerance.
