Alcedo acquired Eurochef.

Alcedo, a business management consultant in Treviso, Italy, acquired Eurochef, which specializes in manufacturing innovative food service equipment designed to allow high-quality cooking. Financial terms were not disclosed. "Eurochef represents a formidable success story in one of the most dynamic market segments in the food sector" explains Maurizio Tiveron, Chairman of Alcedo. "Also through its own brand "Lo chef a casa", Eurochef quickly built up an excellent market positioning in the ready meals sector thanks to a unique combination of great taste, tradition and practicality that is recognized by its clients and consumers. Alcedo very much looks forward to work alongside the two founders - Stefano Stanghellini and Alessandro Cipriano - to accelerate the growth and internationalization of Eurochef, also through aggregations in a market that is still highly fragmented, but showing many absolute excellences”.