Alcedo-backed Gourmet Italian Food completed the acquisition of FIRMA Italia.

Alcedo-backed Gourmet Italian Food, an Italian group consisting of food companies, completed the acquisition of FIRMA Italia, a company active in the production own-brand and third-party brands of dehydrated ready meals. Fianncial terms were not disclosed. “We are enthusiastically joining this group, which we believe represents the ideal landing point for the Company, to which we will contribute with our almost thirty years of experience in ready meals dehydrated, a perfect complement to GIF's current gastronomic offer, with the aim also of developing important commercial synergies particularly in foreign markets where Firma has solid and long-standing relationships with the main large-scale retail trade brands," Silvano and Mario Birolo , Firma Co-CEOs.