Aksia To Acquire Majority Stake In Fornaio Del Casale

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Italian backstage equity investor Aksìa is to get a mostly liking successful bakery products shaper Fornaio del Casale. 

Financial position were not disclosed, and nan transaction awaits basal regulatory approvals. 

Aksìa is acquiring nan liking from Riello Investimenti SGR and nan founding Gecchele family.  

Riello Investimenti SGR has held a mostly liking since July 2023, alongside nan Gecchele family. Both will beryllium reinvesting and retaining a number liking successful nan company.  

Aksìa’s introduction will support Fornaio del Casale successful pursuing an “ambitious buy-and-build strategy to found a starring group successful nan saccharine and savory snack market”, nan companies said successful a associated statement.  

Nicola Riello, president of Riello Investimenti SGR, believes Fornaio del Casale is “ready for a 2nd shape of improvement focused connected acquisitions and world description ”. 

Set up successful 1969, Fornaio del Casale specialises successful bakery products.  

Operating nether brands Gecchele and Antico Casale, it offers complete 450 SKUs successful cakes, pastries, bakery items, and carnival specialties.  

The Casale sul Sile, Treviso-headquartered institution distributes chiefly done “large-scale” retail, pinch a web crossed Italy and description into Germany, France, and Japan. 

According to Filippo Anichini, partner of Aksìa, Fornaio del Casale will “continue to prosecute integration and consolidation some successful Italy and abroad, leveraging nan beardown Gecchele marque and expanding its commercialized footprint”.  

The investors and baked equipment institution said they person identified 4 target companies for acquisition, pinch nan deals expected by nan extremity of 2025, contributing first revenues exceeding €80m ($92.6m). 

Currently, Fornaio del Casale €60m successful revenues, pinch 25% coming from world markets. 

The group has a 12,500 m2 installation pinch 8 accumulation lines.  

The existent activity will remain, pinch Darix Gecchele arsenic CEO and Samuele Gecchele arsenic caput of world income and commercialized products.  

Darix Gecchele added: “With nan introduction of nan caller partner, a caller shape of maturation originates for Fornaio, which strengthens and accelerates nan improvement way initiated successful caller years. The Gecchele and Botter families corroborate their committedness to nan company’s capital, pinch nan enthusiasm and passion that person ever distinguished us.”