Swiss milk processor Emmi Group has acquired Italian producer of dessert products Pasticceria Quadrifoglio for an undisclosed sum.
Italian dessert specialities are an important strategic area for Emmi Group’s growth in Europe, the company has stated, and with this transaction aims to supporting and expanding its existing dessert network. Pasticceria Quadrifoglio is the fourth player to join Emmi’s Dessert Italia network, which currently comprises three production locations in Gattico, Pero and Lasnigo in Northern Italy. The addition of Pasticceria Quadrifoglio, which has two production sites near Modena, is expected to further expand Emmi’s production and distribution capabilities.
Pasticceria Quadrifoglio is a well-established brand in the Italian market, both in food retail and in the food service sector. Emmi expects the acquisition to provide new impetus for the dessert network, especially in the catering sector.
Popular products from Pasticceria Quadrifoglio’s range include the Sorbissimo range, a sorbet drink which is served in Italian cuisine between courses or as a dessert. The new subsidiary’s other dessert specialities, which are sold as single servings in glass packaging, have been key to the company’s double-digit growth. Pasticceria Quadrifoglio is also a successful player in Italian gelato.
The closing of the transaction is subject to the approval of the relevant competition authorities.
© FoodBev Media Ltd 2019