Polenghi Family Holding completed the acquisition of a 38% stake in Polenghi Food from Progressio.

Polenghi Family Holding completed the acquisition of a 38% stake in Polenghi Food, an Italian company specialising in high-quality lemon juice and related products, from Progressio, a private equity firm. Financial terms were not disclosed. "The exit from Polenghi marks the culmination of a successful growth journey, built on a long-term industrial development strategy that is fully aligned with our investment approach and aimed at enhancing an Italian excellence with an international business model, led by a strong management team," Filippo Gaggini, Progressio CEO.