The large French dairy group Lactalis and the Ambrosi family have signed an agreement to sell the entire capital of Ambrosi Spa. The EMMI group, which owns 25 percent of Ambrosi’s capital, will, in turn, sell its stake to Lactalis.
The Italian dairy company Ambrosi operates with more than 430 employees worldwide and has a turnover of about 420 million euros. The company is specializing in the production and distribution of Grana Padano PDO and Parmigiano Reggiano PDO, which are Italy’s two main PDO kinds of cheese and a sector in which Lactalis had hitherto had a limited presence. The agreement includes confirmation of the current management team, with the aim of further accelerating the company’s international growth.
Giovanni Pomella, CEO of Lactalis group companies in Italy, says, “This transaction confirms the group’s interest in supporting and developing the Italian dairy supply chain. Thanks to the strong penetration capacity of Lactalis’ international sales network, two outstanding kinds of cheese such as Grana Padano PDO and Parmigiano Reggiano PDO will be able to consolidate their international presence and expand into new markets.”
Giuseppe Ambrosi, President, and CEO of Ambrosi Spa says “After 80 years of history and success, which have enabled the Ambrosi group to develop sales of its cheeses in Italy and around the world. With a presence in more than 50 countries, we have chosen another family business by entrusting Lactalis with the future development of Ambrosi cheeses. This choice is the best guarantee of success for the employees of our group, and for our products too. Just consider what Lactalis has accomplished with the growth of the mozzarella market, proving that they know how to combine respect for traditions with brand development.”