Announced
Completed
Financials
Tags
cake shop
bread producer
Food Retailers and Wholesalers
Private
Italy
Majority
Acquisition
Completed
Domestic
Friendly
Private Equity
Synopsis
Ergon-backed Dolciaria Acquaviva, a wholesale distributor of confectionery and related products, completed the acquisition of Dolce Milano, a cake shop, and Unigel, a specialty frozen bread producer. Financial terms were not disclosed. “We are extremely pleased with these two additions to the Group. They follow the acquisition of Milanopane completed in October 2019 and represent a significant further step forward in the implementation of our growth strategy. Both companies are highly strategic for Dolciaria and will allow to substantially reinforce the Group’s positioning in the attractive frozen bakery space. These acquisitions, that occur in the midst of the Covid-19 pandemic, are a sign of the strong and ongoing commitment to the project of our backer Ergon," Pierluigi Acquaviva, Dolciaria Acquaviva CEO.
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