Progressio acquired a minority stake in Polenghi Food.

Private equity firm Progressio acquired a minority stake in Polenghi Food, one of the leading global players active in the distribution of lemon and lime juice products for the condiments industry. Financial terms were not disclosed. Filippo Gaggini, Progressio Managing Partner said: “We are very happy to have the opportunity to support Marco in this ambitious project that targets the company in a new phase of growth and consolidation. Polenghi is the fifth investment of the Progressio Investimenti III fund realized in the last 18 months. Once again we focus on Italian excellence and on markets where our companies have the right know-how to play as champions”.