Add-on Acquisition • Food

Italcanditi Acquires Ortofrutticola del Mugello srl

On August 3, 2020, Italcanditi acquired food company Ortofrutticola del Mugello srl

Acquisition Context

This is Italcanditi’s 2nd transaction in the Food sector.
This is Italcanditi’s 2nd transaction in Italy.

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M&A Deal Summary
Date	August 3, 2020
Target	Ortofrutticola del Mugello srl
Sector	Food
Buyer(s)	Italcanditi
Deal Type	Add-on Acquisition

Target Company

Ortofrutticola del Mugello srl

Marradi, Italy

Ortofrutticola del Mugello specialized in the processing and production of natural chestnut-based products which are exported to over 30 countries. Its mission is to produce chestnuts under third-party brands of the GDO/GDS, as well as chestnut-based ingredients for the confectionery and food industry. Ortofrutticola del Mugello was formed in 1984 and is based in Marradi, Italy.

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Buyer Overview 1

Buyer

Italcanditi

Bergamo, Italy

Category	Company
Founded	1963
Sector	Food
Employees	460
Revenue	140M EUR (2020)

DESCRIPTION

Italcanditi is a producer of fruit-based ingredients and creams for the dairy, pastry, and candied fruits sectors and is well known for its unique and highly regarded R&D capabilities alongside the quality of its product offering, which currently totals nearly 6,700 recipes. Italcanditi was founded in 1963 and is based in Bergamo, Italy.

Deal Context for Buyer	#
Overall	2 of 2
Sector: Food	2 of 2
Type: Add-on Acquisition	2 of 2
Country: Italy	2 of 2
Year: 2020	1 of 1

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2019-09-25	Prodotti Rubicone Srl Bertinoro, Italy Prodotti Rubicone Srl produces proudly in Italy semi-finished ingredients for Gelato. Prodotti Rubicone Srl motto is "Good taste in Italian Gelato" and it holds the Company's mission: to deliver the keys Gelato art in the world, offering easy to use semi-finished ingredients and solutions for production needs of Gelato makers.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2019-09-25

Prodotti Rubicone Srl

Bertinoro, Italy

Prodotti Rubicone Srl produces proudly in Italy semi-finished ingredients for Gelato. Prodotti Rubicone Srl motto is "Good taste in Italian Gelato" and it holds the Company's mission: to deliver the keys Gelato art in the world, offering easy to use semi-finished ingredients and solutions for production needs of Gelato makers.

Buy

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