Simest, the export and internationalization branch of Cassa Depositi e Prestiti (CDP) together with Sace, will support Granarolo’s expansion strategy in Europe. In fact, a capital increase of 30% (worth € 15 million) was recently completed by Granarolo France SAS, the Italian dairy group’s main company on EU markets. The transaction is aimed at supporting Granarolo’s development plan in the French market and in neighboring countries by means of the further enhancement of the Italian milk production chain and product diversification. Along with the marketing of dairy derivatives, the trade of other food products linked to the Italian gastronomic tradition will be provided.
Growth abroad
Thanks to this operation, Granarolo will further promote its growth on foreign markets. The project started in 2011 with a series of acquisitions of production companies in France, Chile, Brazil, and New Zealand. A new strategic action in other European countries is part of the plan. We are very proud to be side by side with an excellence of Made in Italy food like Granarolo group – stated the Managing Director of Simest Alessandra Ricci – giving them our support to compete with greater strength and win new market shares in France and Europe, which are characterized by a high level of competition. The capital increase of Granarolo France will help finance the 2016-2019 development plan that we are implementing – said Gianpiero Calzolari, President of Granarolo Group. France and EU countries are in fact important markets, for which we are planning the launch of a wide offer of Made in Italy innovative products that meet the specific needs of new consumers.