Investindustrial to acquire a majority stake in Grupo Alacant.

Investindustrial, an investment firm, agreed to acquire a majority stake in Grupo Alacant, an ice cream maker. Financial terms were not disclosed. “Grupo Alacant operates in an industry very well-known to Investindustrial due to our prior and current investments in the private label food category. We are proud to invest in Grupo Alacant since we believe we can help the Company in its next phase of development as it looks to strengthen its position in Spain and expand beyond its home market. Grupo Alacant is well-positioned for success driven by the support of our international development offices and the expertise of our operational improvement team,” Andrea C. Bonomi, Investindustrial Chairman of the Industrial Advisory Board.