M&A Deal Summary

La Doria Acquires Clas

On July 25, 2024, La Doria acquired food company Clas from Equinox

Acquisition Highlights
  • This is La Doria’s 1st transaction in the Food sector.
  • This is La Doria’s 1st transaction in Italy.

M&A Deal Summary

Date 2024-07-25
Target Clas
Sector Food
Buyer(s) La Doria
Sellers(s) Equinox
Deal Type Add-on Acquisition

Target

Clas

Chiusanico, Italy
Clas is a manufacturer of pounded sauces, mainly based on green basil (i.e. “Italian Pesto”), sold to primary multinational food brands and grocery. Clas was founded in 1989 and is based in Chiusanico, Italy.

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Buyer(S) 1

Buyer

La Doria

Angri, Italy

Category Company
Founded 1954
Sector Food
DESCRIPTION

La Doria is specialised in processing/manufacturing of third party branded and private labels tomato derivatives, canned legumes and vegetables and ready-made sauces. The remaining portion of the business is represented by fruit juices and beverages and distributing for other private label products such as pasta, tuna and salmon. La Doria was founded in 1954 and is based in Angri, Italy.


DEAL STATS #
Overall 1 of 1
Sector: Food M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Italy M&A 1 of 1
Year: 2024 M&A 1 of 1

Seller(S) 1

SELLER

Equinox

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 900M EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Equinox is a private investment firm focused on acquiring lower middle-market Italian companies. The Firm generally pursues family-owned companies and has a particular interest in under-managed/under-valued opportunities. Sectors of interest include industrial, environmental, leisure, consumer, retail, life science, healthcare, and transportation. Equinox was established in 2001 and is headquartered in Luxembourg.


DEAL STATS #
Overall 5 of 5
Sector: Food M&A 2 of 2
Type: Add-on Acquisition M&A Deals 3 of 3
Country: Italy M&A 4 of 4
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-21 Salpa & Cherubini

San Giustino, Italy

Salpa & Cherubini is a confectionery company specialized in the production of high-quality ice cream cookies, chocolate decorations, covers, inclusions and toppings, gluten-free products, cookie dough and breadcrumbs for top multinationals in the ice cream, yogurt and confectionery industries and retailers and global clients with the highest international standing, including multinationals such as Unilever, Froneri, Nestle, Ferrero, Mars, Sammontana, Findus, etc. Salpa & Cherubini was founded in 1934 and is based in San Giustino, Italy.

Sell -