A coffee for Taste of Italy 2
The fund takes over the majority of Caffè Cellini from Pieri family
Taste of Italy 2, a private equity fund specialized in the agri-food sector, managed by DeA Capital Alternative Funds Sgr, has acquired a majority stake in Ekaf Spa, the largest Ligurian roasting company, owner of the Cellini brand. Since 1933, the Pieri family has cultivated the tradition of coffee, starting with wholesale marketing, growing with the Livorno roasting company until completing the acquisition of Ekaf in 1990. Since 1996 the Group has started a path of growth both in the bar channel, also with the acquisition of Arcaffè, and in large-scale distribution, with single-dose capsules. Today Ekaf is a reference roasting company in high quality coffee, in grains, ground and capsules, based in Genoa and with a turnover of 40 million Euros made in Italy and abroad.
Taste of Italy 2, leveraging Ekaf's established industrial and commercial capabilities, intends to support the development of the company in the domestic and international market, strengthening the distribution channels and markets served, also evaluating growth opportunities through external lines. Ekaf is the third investment for Taste of Italy 2, which recently closed its collection at € 330 million, thus becoming the leading European fund specialized in the agri-food sector, and which has expanded its geographical scope to the Iberian peninsula.
The Pieri family will maintain a significant stake alongside Taste of Italy 2, with the aim of favoring the generational transition and sharing and supporting the company's strategic choices in the wake of the innovation and development process already undertaken in recent years. Giovanni Pieri , who will keep the position of president of the company, commented: “Thanks to the support of Taste of Italy we hope to give impetus to new projects for the growth of Ekaf, both on the national market and on the foreign ones. We are sure that together we will be able to make the company evolve, preserving and enhancing its distinctive and characteristic elements, such as the quality of the coffee and the people who work there". Pierluca Antolini , managing director of Taste of Italy, commented: "Ekaf is a historical roasting company, which has always stood out for the centrality of the product, coffee, and its quality, which it has never waived in the projects undertaken over the years, including the highly successful development of plastic and aluminum caps. We are proud to be part of it and we will put all our efforts at the service of the company to contribute to a further phase of development and innovation”.
EFA News - European Food Agency