• ABOUT
    • Gama
    • Our Network
    • Media
  • PRODUCTS & SERVICES
    • Gama Compass
    • Innovation & Insight Reports
    • Gama Field Services
    • Gama Market Entry
  • CATEGORIES
    • Food
    • Alcoholic Drinks
    • Non-Alcoholic Drinks
    • Household Care
    • Health & Beauty
    • Pet Care
    • Tobacco
  • STORE
  • NEWS & INSIGHTS
    • Global News
    • Insights
    • Magazine
  • EVENTS
  • CONTACT
Latest Tweets
  • Loading tweets...

Follow @@GamaConsumer

  • ABOUT
    • Gama
    • Our Network
    • Media
  • PRODUCTS & SERVICES
    • Gama Compass
    • Innovation & Insight Reports
    • Gama Field Services
    • Gama Market Entry
  • CATEGORIES
    • Food
    • Alcoholic Drinks
    • Non-Alcoholic Drinks
    • Household Care
    • Health & Beauty
    • Pet Care
    • Tobacco
  • STORE
  • NEWS & INSIGHTS
    • Global News
    • Insights
    • Magazine
  • EVENTS
  • CONTACT
1 MIN READ

Italy: Granarolo acquires majority stake in Venchiaredo

April 12, 2019
-
Europe, Food, Mergers & Acquisitions

Granarolo, an Italian dairy company based in Bologna, has announced it is acquired a majority stake in Venchiaredo, a specialist maker of stracchino cheese.

Founded in 1968, Venchiaredo has a product range that includes Venchiaredo stracchino cheese, Friulan stracchino, and Venciaredo Fresh. The company reported turnover of €26.9 million ($30.42 million) in 2018, up 18% on the year before.

The deal sees Granarolo increase its stake Venchiaredo from 24% to 57.5%.

Commenting on the deal, Venchiaredo president Alessandro Driussi said: “Our integration into the Granarolo Group will enable us to continue on our growth curve, targeting annual production of 9,300 tons of stracchino cheese”.

Granarolo president Gianpiero Calzolari added: “This deal has already yielded significant results and synergies at the industrial level for both companies, and allows Granarolo to follow up on its 2019/2021 business plan which provides, among other things, for greater production efficiency and greater plant specialization”.

Source: Granarolo (via Ruminantia) / Food Business Africa / FoodBev

Tags
Granarolo
← PREVIOUS POST
USA: Taylor Farms buys Earthbound Farm from Danone
NEXT POST →
Netherlands: Consortium acquires Wessanen in €885 million deal

Copyright © 2020. Gama. All rights reserved.      Privacy Policy | Legal Notice

 
Italy: Granarolo acquires majority stake in Venchiaredo - Gama