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Ingredients, Aksìa Capital conquers Nappi 1911

The family will remain involved in the management, will retain a minority stake

Aksìa Capital V, fund managed by Aksìa Group Sgr SpA, announces the acquisition of Nappi 1911, a historic Italian company active in the production and sale of ingredients and semi-finished products for ice cream parlors, pastry shops, confectionery industry in general, horeca, sour cherries, candied and dried fruit . The acquisition is the fourth operation for the fund, launched in 2019, after the Primo Group, Valpizza and Vomm Impianti & Processi operations. The confectionery company was founded in 1911 in San Gennaro Vesuviano (Naples) by the Nappi family who remained at the helm for over a century. Based on an established relationship with blue-chip customers in the global confectionery industry, the company has developed a presence in over 70 countries on a global scale, serving retail customers and large-scale distribution chains. The industrial site, object of recent investments and at the forefront of technologies for the transformation of natural raw materials, guarantees the company full control of the production chain, from raw material to finished product. In 2019 the company recorded a turnover that exceeds the threshold of 40 million euros.

Michele Nappi will remain at the helm of the company as CEO; Giancarlo Monetti, will be its president. Nicola Emanuele, managing partner of the fund commented: "This acquisition has a strong strategic value. We had been interested in this sector for some time, which represents one of the most flourishing variations of modern food consumption trends with important growth on a global scale. we support an industrial and managerial approach to the management of our companies and we are convinced that Monetti, a manager with proven experience in important companies operating in the food sector, at the helm of the Montenegro group for over twenty years represents a strong added value " .

The family will remain actively involved in the management of the company, as well as retaining an important minority stake. The CEO stated: "The contribution that Aksìa will be able to give to the company in terms of contribution to managerial and team growth as well as the industrial relations network will be essential to continue the development project that we have been carrying out for several years. they will allow the consolidation and development of an increasingly solid presence in Italy and abroad, to seize the promising market opportunities".

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EFA News - European Food Agency