Investindustrial-backed Sammontana, an Italian Ice cream manufacturer based in Empoli, agreed to acquire Forno d’Asolo, an Italian frozen pastry and bakery products maker, from BC Partners, a private equity firm, for $1.2bn. "We are very pleased to be partnering with the Bagnoli family. Both Sammontana and Forno d’Asolo are highly successful companies with excellent management teams and a good track record in sustainability. Both businesses have completed several add-on acquisitions in recent years, providing a strong platform for the Bagnoli family and Investindustrial to pursue a buy and build strategy to further internationalise the combined group, especially in the US market," Andrea C. Bonomi, Investindustrial Chairman.