Italian cheese manufacturer Latteria and Caseificio Moro has received an investment from European private equity group Argos Wityu to support its growth in Italy and abroad.
The funding will contribute to the development of the cheese firm, with a focus on organic growth which will be led by strong relationships with existing clients. Latteria and Caseificio Moro will also utilise Argos Wityu’s international network and its extensive knowledge of the food sector to expand abroad.
Based in the province of Treviso, Latteria and Caseificio Moro is a producer and seller in the fresh cheese sector. Its distinctive products include mozzarella, ricotta and PDO Montasio cheese.
Maurizio Moro, CEO of Latteria and Caseificio Moro, said: “Argos Wityu’s experience and ability to identify our needs were essential in our decision to choose them as a new strategic partner for our reinforcement and development process.
“Along with Argos Wityu’s team who will support us in this journey, Latteria and Caseificio Moro will be able to seize organic growth opportunities and opportunities to expand abroad.”
Partner at Argos Wityu Alessio Manigrasso said: “Latteria and Caseificio Moro is an extremely well-positioned and very competitive player in its relevant market in North-Eastern Italy. The role of Argos Wityu is to support outstanding companies like Latteria and Caseificio Moro, reinforcing their positioning and strengthening their commercial presence on foreign markets.”
Manigrasso added: “We are looking forward to proceed side by side with the Moro family in this ambitious path, with all the human and financial resources necessary to establish the company as a benchmark in its sector, both in Italy and abroad.”
© FoodBev Media Ltd 2019