Lactalis acquires Italian cheese manufacturer Nuova Castelli
French dairy company expands its brand's portfolio in the Bel Paese
French dairy company Lactalis has acquired Italian cheese maker Nuova Castelli from private equity firm Charterhouse Capital Partners. The deal sees Lactalis, through its Lactalis Group Italia subsidiary, further expand its comprehensive portfolio in Italy, which now includes Parmalat, Galbani, Invernizzi, Vallelata, Locatelli and Cademartori.
Headquartered in Reggio Emilia (Emilia Romagna Region, the so-called "Italian Food Valley"), Nuova Castelli is focused primarily on Italian protected designation of origin cheese products such as parmigiano reggiano, grana padano and gorgonzola. The business employs more than 1,000 people at approximately 20 facilities in Italy and overseas with 2018 460 mln Eur of revenues. Nuova Castelli has grown its international footprint, established new relationships with retailers and experienced further growth, including the acquisition of Alival in Italy, North Coast in Poland and Empire Speciality Cheese in the US.
London-based Charterhouse acquired 80% of Nuova Castelli in 2014 from its founder.
EFA News - European Food Agency