Italian private-equity firm Aksia has announced the acquisition of a majority stake at Valpizza, a local pizza maker for an undisclosed sum.
Founded in 1992 in Valsamoggia, Valpizza is a producer of frozen pizza and pizza bases with a production facility of 7,400 sq ft.
According to sources, the company had a turnover of €20 million last year, producing around 30 million items.
Marco Rayneri, managing partner of Aksia, said: “We decided to invest in one of the main operators in this market. Our development plan, contextually to strengthen the managerial structure and consolidate the company’s business both in the domestic market and internationally, provides for further investment in capacity production, a new marketing and communication strategy and the launch of new products. In addition, we will also expand the company through acquisitions”.
Recently, the company announced an investment to build a second plant that will double its production capacity.
Source: Frozen Foods Biz