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Italian dairy firms Latteria Soresina and Zanetti have announced the acquisition of 100% of the shares in Saviola, an Italian manufacturer of Protected Designation of Origin (PDO) cheeses including parmigiano reggiano and grana padano.
With turnover in 2023 of €518 million ($555 million), Latteria Soresina is best known for producing milk, butter and Italian cheeses such as gorgonzola and parmigiano reggiano.
Zanetti is a leading distributor of parmigiano reggiano, grana padano and other hard cheeses, turning over €690 million ($739 million) in 2023, with 70% of total sales coming from international markets.
The agreement is aimed at bolstering Latteria Soresina’s presence in local and foreign markets, and at promoting dairy products made of Italian milk.
Commenting on the move, Latteria Soresina president Tiziano Fusar Poli said: “Addressing markets that are becoming more and more concentrated requires investments in innovation, sustainability and efficiency. […] The assets we are acquiring from Saviola will be very important to pursue our mission and our strategy”.
Source: Latteria Soresina
