Italcanditi, an Italian leading company in the production of semi-finished products for the confectionery and dairy industry, has announced the acquisition of Ortofrutticola del Mugello, a company specializing in the processing and production of chestnut and chestnut products exported to over 30 countries. Founded in 1984 in Marradi (Florence), a renowned Mugello location for chestnuts, Ortofrutticola del Mugello is among the leaders in the market niche of marron glacé and in the production of chestnut-based ingredients for the confectionery industry.
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The acquisition of Ortofrutticola del Mugello allows Italcanditi to strengthen its presence in the market niche of marron glacé and strengthen the development of the chestnut sector also for the professional bakery segment.
THE EXPANSION OF ITALCANDITI
This is the third acquisition since Investindustrial entered Italcanditi’s capital last year, confirming its ability to act as a solid platform to implement a buy-and-build strategy in the food ingredients sector.
Maurizio Goffi, CEO of Italcanditi, commented: “The acquisition of Ortofrutticola del Mugello allows us to strengthen our competitive position in the production and marketing of marron glacés. We are very proud of this new chapter in our company’s history as it adds a further plus to our growth plan.”
Founded in 1963, Italcanditi is based near Bergamo. It employs about 400 people and counts international groups operating in the food sector among its primary customers. It is leader in the B2B industrial channel in Italy and France, and is one of the main suppliers of typical ingredients in these markets. Moreover, it can boast a strong presence in Europe in the marron glacé niche.