Clessidra completed the acquisition of a 70% stake in Molino Nicoli.

Clessidra, a private equity firm, completed the acquisition of a 70% stake in Molino Nicoli, a family-owned cereals manufacturer. Financial terms were not disclosed. “We are thrilled to partner with Molino Nicoli, which over the last years has established itself as the partner of choice for primary operators in modern distribution, both in Italy and abroad, and for leading brands in the industrial and babyfood channels,“ Andrea Ottaviano, Clessidra CEO.