Italian Baker L’albero Del Pane Secures Investment

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Italian bakery group L’Albero del Pane has attracted caller superior from a group of investors to support its “consolidation strategy” successful nan country’s baked equipment sector.

The latest funding, nan worth of which has not been disclosed, includes information from Unigrains Italia, BNP Paribas BNL Equity Investments, Hydra and Alexa Invest.

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Founded successful 1979 by nan Tedesco family, L’Albero del Pane manufactures and distributes a wide scope of saccharine and savoury bakery products, including biscuits, croissants, caller pastries, seasonal items and breadstuff substitutes.

In a connection coming (9 December), nan baker said nan backing will beryllium utilized to velocity up nan group’s improvement via “organic and outer maturation projects”.

Chief executive Agazio Tedesco and nan Tedesco family person besides “significantly” reinvested successful nan business arsenic portion of nan transaction.

Agazio Tedesco said: “Through this transaction, we are taking an eager measurement forward, relying connected nan support of Unigrains Italia, a financial partner specialised successful nan agri-food sector.

“This business will prolong america successful pursuing our maturation strategy, some integrated and done outer acquisitions.”

To meet its description goals, nan baker said it intends to “strengthen” its guidance structure, bringing successful master method profiles to adhd expertise, heighten merchandise value and support nan creation of caller recipes.

The institution said targeted spending connected instrumentality and group has allowed it to gradually broaden its portfolio, which now comprises much than 1,000 banal keeping units (SKUs).

It added that it has precocious accrued accumulation capacity and is continuing to widen its facilities.

L’Albero del Pane presently operates 3 accumulation plants pinch a mixed aboveground area of astir 40,000sqm and has a workforce of 230.

Combined income for L’Albero del Pane and its subsidiary Tedesco Srl reached astir €63m ($73.3m) successful 2024.

Around 45% of gross came from its ain brands – Ore Liete, GranArt and Piselli – while exports accounted for 30% of turnover, pinch products shipped to much than 70 markets.

Commenting connected nan deal, Unigrains Italia CEO Francesco Orazi said: “We see nan baked equipment assemblage to beryllium a unique conception of nan ‘Made successful Italy’ contented and judge it maintains precocious maturation potential, whether organically aliases done acquisitions.

“For this reason, we intend to support L’Albero del Pane some commercially, by leveraging our web of relationships, and successful position of identifying imaginable acquisition targets.”

Banco BPM acted arsenic nan sole lender connected nan woody done its Reggio Emilia Corporate Banking Centre.