Italian Frozen Food Holding has acquired Alcass
IFFH is e news business set up by Mandarin Capital Partners
Located in the Italian city of Genoa, Italian Frozen Food Holding (IFFH) was established in October last year by private-equity investor Mandarin Capital Partners, which is headquartered in Luxembourg and has offices in Italy, Germany and Shanghai in China. IFFH came to fruition through the amalgamation of two other Italy-based frozen food firms – ready-meals manufacturer Appetais, and free-from producer AR Srl, a joint venture with Roncadin in Meduno.
Alcass, with the well konwn brand "Amica Natura" is based in Brescia, northern Italy, and controlled by the Bonaglia family. The company has a turnover of EUR14m and supplies branded products to retailers mainly in ready meals and gluten-free products, including meat alternatives, and also offers private label. The portfolio comprises meat-based frozen foods such as meatballs, beef burgers and lasagne, along with their meat-free cousins, predominately supplied under the Amica Natura brand.
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