Morato, an Italian leading bakery company, continues its strategy of growth by external lines with the acquisition of a majority stake in Nt Food, a Tuscan company specializing in gluten-free bakery products and at the forefront of alternative and healthy dietary regimens.
Nicoletta and Giovanna Del Carlo, founders, of Nt Food, remain at the helm of the company in partnership with Morato and will continue to hold an equity stake. “We are very pleased,” says Stefano Maza, CEO, of Morato, “as this transaction is part of our strategic plan aimed at development in the bakery market. This acquisition will allow us to create significant synergies within product and process innovation, as well as distribution, opening new interesting opportunities in specialized channels and segments, and strengthening our branded product range.”
With a turnover of 35 million euros, more than 80 percent of which is developed by branded products, Nt Food is a benchmark in the gluten-free and healthy products sector. Primarily thanks to the Nutrifree and Nutrisì brands. Nt Food’s products are made in three production plants entirely dedicated to gluten-free, located in the province of Lucca. More than 7,000 square meters host various production lines, including baked goods, rusks, flour blends, breadcrumbs, cookies, savory snacks, as well as sweet leavened products such as croissants, brioche, and seasonal products.
“We have often chosen to embrace change, and this has allowed us to evolve and seize new opportunities. Today, Morato Group embodies such an opportunity. And we feel we are seizing it, strong in our entrepreneurial vision and shared values,” says Nicoletta Del Carlo, CEO, and Co-founder, of Nt Food.
“In a very positive moment for our company, joining the Morato group is undoubtedly an opportunity to give even more strength to our path, allowing us to access important industrial synergies, and giving a new impetus to our development in export markets,” says Giovanna Del Carlo, CFO, and Co-founder, Nt Food.
