Equinox, a private equity fund, completed the acquisition of Salpa Group, a manufacturer and distributor of baked products, for £103m. “We are proud that the Cherubini family has chosen Equinox as a partner for the development of the Salpa Group, a case of industrial excellence of Made in Italy. Its products enjoy a high level of recognition on the market and the company is ready to undertake a path of further expansion also thanks to the professionalism of the management team, advanced production technologies and a research and development capacity oriented towards continuous product innovation and optimization of production processes. The entry of Equinox is aimed at strengthening market leadership and commercial penetration in countries with high growth rates and development potentials such as: USA, Eastern Europe and some markets of the APAC area. An external growth strategy will also be developed," Angelo Facchinetti, Equinox Partner.