Foster Clark Products Buys Italian Snacks Firm Preziosi Food 

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Foster Clark Products has acquired Preziosi Food from a group of investors including private-equity patient Vertis SGR.

The woody marks Foster Clark Products’ introduction into nan Italian savoury snacks market.

Foster Clark Products, headquartered successful Malta, is known for its products, including powdered beverages, desserts, and baking aids. 

The financial position of nan transaction, which closed connected 31 July, were not disclosed.  

In a statement, Houlihan Lokey, which advised connected nan deal, said nan transaction is portion of Foster Clark Products’ “broader outer maturation strategy aimed astatine expanding its footprint successful Europe”.  

The woody gives Foster Clark Products a “key operational base” successful Italy crossed nan savoury snacks, confectionery and saccharine equipment categories, Houlihan Lokey added.  

Set up successful 1999 nether nan marque Mitica, Preziosi Food produces branded and backstage explanation chips and savoury snacks. 

In a abstracted connection connected LinkedIn, Vertis SGR said Preziosi Food has “consolidated its activity successful nan private-label assemblage and relaunched nan historical Salati Preziosi brand”. In 2024, Preziosi Food’s revenues exceeded €86m ($100m).

Vertis SGR said: “The divestment has enabled investors from nan private-equity costs of Vertis SGR and Hat SGR to get an charismatic financial return.” 

It added Foster Clark Products will “ensure continuity” and “further world development” astatine nan company.

The institution already has world beingness successful nan Middle East, Africa, and parts of Asia.

Just Food approached Foster Clark Products for comment.