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UK-based Italian grocery brand, Crosta & Mollica, has received an investment from Perwyn, a European private equity firm specialising in buyouts and growth capital within sectors such as food and ingredients, technology and healthcare. Crosta & Mollica produces pizza, gelato and aperitivo snacks using premium ingredients and regional recipes from Italy. In the past year, we have witnessed a raft of launches from Crosta & Mollica, including new gelato flavours, pasta sauces, ready meals and pasta variants. Products include:
Gluten-free margherita pizzaWith the investment, Perwyn says it aims to aid Crosta & Mollica in its ongoing international expansion while ensuring sustained growth in the UK through product innovation, customer service and brand investments. The existing Crosta & Mollica team will continue with the company. Upon completion, David Milner, a food executive with leadership experience at Tyrrells, Lily’s Kitchen and St. Pierre, will join as chairman. James Orr, founder of Crosta & Mollica, said: "I am delighted to welcome Perwyn as partners to Crosta & Mollica. Their shared vision for the potential of the business matches the ambition of our incredible team. We are only part way towards realising our goal of becoming a leading global Italian food brand and Perwyn’s international and sector expertise will help accelerate us towards achieving that.” Gurinder Sunner, partner at Perwyn, added: “Perwyn are extremely happy to be collaborating with Crosta & Mollica. Their growth and increasing presence across multiple countries is incredibly impressive and a testament to the passion they have for developing top-quality products befitting of a premium and relatable brand. The investment aligns perfectly with Perwyn’s food sector expertise and track record in successfully partnering with entrepreneur-owned businesses.” Milner, incoming chairman of Crosta & Mollica, said: "James and his team have created a truly unique business – their relentless focus on innovation and quality has led to a best-in-class product range spanning the most loved categories of the world’s favourite cuisine. The opportunity for further growth is huge and I am thrilled to be able to join the business at this exciting juncture.”