Investindustrial, a private equity firm, agreed to acquire a 63.13% stake in La Doria, an Italy-based food production company, for $363m. “La Doria represents the perfect synthesis of the type of investments which Investindustrial prefers: mid-sized family businesses in a strategic and fast-growing sector, such as food, where Italy demonstrates global excellence and in which Investindustrial can play a leading role with a particular focus on sustainability, an area which has been always central to our thinking. We wish to support La Doria through a shared growth project which will develop over the years and a major investment which will further consolidate its leadership in the food & beverage sector, in addition to boosting the enterprise’s international positioning through the penetration of new markets and distribution channels," Andrea C. Bonomi, Investindustrial Chairman of the Industrial Advisory Board.