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Announced

IRCA Group to acquire Benetti.

Synopsis

IRCA Group, an international company specializing in chocolate, creams, fruit, and high-quality food ingredients, agreed to acquire Benetti, a distributor specializing in food ingredients and semi-finished products active in northeast Italy. Financial terms were not disclosed. "We are proud to collaborate with Benetti, a Company that will assume an instrumental strategic role within the IRCA Group. The Italian pastry and bakery ingredients distribution market is marked by a collection of small-scale operators. In this landscape, Benetti stands out for its exceptional professionalism, the comprehensive coverage of its reference area in northeast Italy, and for its superior service level. We believe that together with the Benetti Family, the Group will accelerate its growth, expanding its customer base and providing access to a complete product portfolio," Mauro Nebuloni, IRCA Group CCO.

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