Announced
Completed
Financials
Tags
Italy
gluten-free bakery
Domestic
Private
Completed
Friendly
Single Bidder
Food Products
Acquisition
Majority
Synopsis
Cereal Docks, a company in the first agri-food processing, completed the acquisition of Molino Favero, a producer of special gluten-free flours and ingredients. Financial terms were not disclosed. 'We are particularly pleased to announce the closure of this important acquisition. With Molino Favero we share a work philosophy linked to the territory, attentive to the production process and with an approach that is always respectful of people and the environment. The Molino Favero brand represents a historic quality, guaranteed by a controlled supply chain at all stages of production. For the Cereal Docks Group this represents an important moment of growth, which gives further concreteness to our strategic vision. For the first time, in fact, through the Molino Favero brand products and in the GDO channels we will be present on the shelves, available to consumers. We can't wait to start this new challenge," Mauro Fanin, Cereal Docks Chairman and CEO.
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