Latteria e Caseificio Moro acquired by PE Argos Wityu
The Italian cheese firm generates revenues of EUR40m
Latteria e Caseificio Moro, Treviso-based supplier of mozzarella and ricotta, has received investment for a majority stake from French private-equity firm Argos Wityu. The Italian company, located in Motta di Livenza in Veneto Regions (north-eastern Italy), manufactures mozzarella, ricotta and PDO Montasio cheese sold in Italy, with a specific focus on the foodservice channel. The company generates revenues of EUR40m.
CEO Maurizio Moro, who will stay on at Latteria Caseificio Moro, said: "Argos Wityu's experience and ability to identify our needs were essential in our decision to choose them as a new strategic partner for our reinforcement and development process. Along with Argos Wityu's team who will support us in this journey, Latteria and Caseificio Moro will be able to seize organic growth opportunities and opportunities to expand abroad".
Argos Wityu's investment portfolio includes France-based dessert maker La Compagnie des Desserts, in which it is a majority investor.
© EFA News - European Food Agency Srl