M&A Deal Summary

Italcanditi Acquires Ortofrutticola del Mugello srl

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

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

M&A Deal Summary

Date 2020-08-03
Target Ortofrutticola del Mugello srl
Sector Food
Buyer(s) Italcanditi
Deal Type Add-on Acquisition

Target

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(S) 1

Buyer

Italcanditi

Bergamo, Italy

Category Company
Founded 1963
Sector Food
Employees460
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 STATS #
Overall 2 of 2
Sector: Food M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
Country: Italy M&A 2 of 2
Year: 2020 M&A 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.

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