Italian agri-food company BF has taken a minority pastime in fellow pasta maker Pastificio Fabianelli.
Milan-listed BF, which has the rural subsidiary Bonifiche Ferraresi underneath its wing, has bought a 30% pastime in Pastificio Fabianelli for an undisclosed sum, a spokesperson showed to Simply Meals.
Circle of relatives-owned Pastificio Fabianelli is headed up by means of CEO Luca Fabianelli. Based totally in Castiglion Fiorentino in Arezzo province, the trade provides the retail manufacturers Fabianelli, Pasta Toscana and Maltagliati.
Native media reported Pastificio Fabianelli had a turnover of EUR16m (US$17.2m) ultimate yr, 80% of which comes from exports. Simply Meals has approached the corporate for rationalization and to substantiate how a lot of the trade now stays in circle of relatives palms.
In the meantime, BRF generated revenues of EUR269m ultimate yr and EBITDA of EUR16m. The corporate owns the Le Stagioni d’Italia logo of pasta, rice, legumes and natural teas, and the Zorzi line of pasta, legumes, cereals, oilseeds and flours.
In March, BF introduced it had change into an investor within the Italian Fund Agritech & Meals. The fund, arrange and controlled by means of Fondo Italiano d’Inoltre, invests in Italy’s agri-food sector.
When BF showed its funding, the corporate stated it might “deliver capital, technology and management, selling its position as the most important nationwide participant within the agri-food chain”.
Fondo Italiano d’Inoltre is managed by means of the Cassa Depositi e Prestiti, the state-backed funding again.
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