Posted August 04, 2008
Osborne Acquires Minority Stake in Embutidos Fermin
to Bring 5 Jotas Brand to U.S.
The Osborne Group has acquired a minority stake in Embutidos Fermin, owner of the only Spanish slaughterhouse authorized to export Iberico ham and consequently, the brands of Osborne subsidiary Sanchez Romero Carvajal to the United States.
In a joint statement, Osborne CEO Tom Osborne and Santiago and Francisca Martin, owners of Embutidos Fermin, said that they have signed a broad agreement allowing them to join forces and more efficiently develop their business in the United States.
The agreement will allow Sanchez Romero Carvajal Jabugo to use the slaughterhouse for their acorn-fed Iberico pigs destined for the American market.
Embutidos Fermin began marketing Iberico ham in the U.S. last November, and currently exports approximately 2,700 pieces per month to this market. To date, the company has exported between 12,000 and 14,000 pieces, valued at approximately € 1.4 million.