Cremonini international espanxion continues
The controlled company Inalca acquired “Mille Sapori Plus” in Poland
Inalca SpA, a company controlled by the Italian Cremonini Group and with a stake of 28,4% owned by IQ Made in Italy Investment Company (50% owned by Cdp Equity, Cassa Depositi e Prestiti Group), through the company Inalca Food & Beverage (If&b), acquired 60% of shares of Mille Sapori Plus Sp. z.o.o., a leading player in the distribution of Italian food products in the Polish foodservice market.
The target company, based in Warsaw, was founded eight years ago by an Italian entrepreneur - Luciano Pavone - who will remain shareholder with a 40% stake and will maintain the operational management of the business as Ceo of the Company.
According to Augusto Cremonini, President & Ceo of If&b, "with this operation, If&b has the opportunity to quickly develop its business into one of the most dynamic European market, in which the demand for Italian cuisine excellence products is in strong and constant growth. With the acquisition of Mille Sapori, If&b will obtain the full coverage of the Polish territory".
For Guido Rivolta, Ceo of Cdp Equity, "the acquisition of Mille Sapori is perfectly consistent with the investment plan of Cdp Equity in Inalca: strengthening the distribution of agri-food products abroad, with the aim of promoting and spreading Italian food excellences in the world".
Mille Sapori sells already over 1,300 references of Italian food products, that are delivered with a fleet of owned vehicles reaching over 1,000 restaurants in a widespread manner, with an expected turnover for 2018 of Zloty 88 million (about EUR 20 million).
This operation for Inalca SpA, is the latest in a series of acquisitions aimed at creating a leading company in the international markets for the sale and distribution of products for the Italian foodservice in the world, acting as a distribution platform for all those small Italian producers who do not have the strength and the infrastructures to reach with their products the tables of restaurants and hotels on the other side of the world.
Moreover, further synergies can be created in the future, once the slaughtering, deboning and beef production plant under development by Inalca in Socochin (about 70 km north of Warsaw) will be completed, as expected by the end of the next year.
This acquisition in Poland, follows those ones already carried out by If&b in Australia, Cape Verde, Thailand, USA, Malaysia, Mexico, the Canary Islands and Hong Kong and it will bring Inalca Food & Beverage turnover to exceed EUR 100 million in 2018.
© EFA News - European Food Agency Srl