Morato Group, the Italian industrial bakery business headquartered in Altavilla Vicentina, has expanded its international footprint by acquiring German company Jaus Bakery alongside its Italian distributor, CEA Italia.
The integration brings Morato Group’s consolidated revenue to € 500 million ($540 million), supported by over 1,800 employees and 19 manufacturing plants. The acquisition follows 15 strategic acquisitions completed over the past 8 years with the backing of Aliante Partners.
Morato Group president and CEO Stefano Maza stated: “This transaction […] enables us to integrate portfolios, markets and expertise, strengthening the Group’s ability to create products and solutions capable of keeping pace with the evolving dietary needs of European consumers”. Maza added that the investments aim to improve industrial efficiency with an objective of reaching over €600 million ($648 million) in turnover.
Source: Il Sole 24 Ore / Corriere della Sera
