Italian baker L’Albero del Pane secures investment

Italian bakery radical L’Albero del Pane has attracted caller superior from a radical of investors to enactment its “consolidation strategy” successful the country’s baked goods sector.

The latest funding, the worth of which has not been disclosed, includes information from Unigrains Italia, BNP Paribas BNL Equity Investments, Hydra and Alexa Invest.

Founded successful 1979 by the Tedesco family, L’Albero del Pane manufactures and distributes a wide scope of saccharine and savoury bakery products, including biscuits, croissants, caller pastries, seasonal items and breadstuff substitutes.

In a connection contiguous (9 December), the baker said the backing volition beryllium utilized to velocity up the group’s improvement via “organic and outer maturation projects”.

Chief enforcement Agazio Tedesco and the Tedesco household person besides “significantly” reinvested successful the concern arsenic portion of the transaction.

Agazio Tedesco said: “Through this transaction, we are taking an ambitious measurement forward, relying connected the enactment of Unigrains Italia, a fiscal spouse specialised successful the agri-food sector.

“This concern volition prolong america successful pursuing our maturation strategy, some integrated and done outer acquisitions.”

To conscionable its enlargement goals, the baker said it aims to “strengthen” its absorption structure, bringing successful specializer method profiles to adhd expertise, heighten merchandise prime and enactment the instauration of caller recipes.

The institution said targeted spending connected instrumentality and radical has allowed it to gradually broaden its portfolio, which present comprises much than 1,000 banal keeping units (SKUs).

It added that it has precocious accrued accumulation capableness and is continuing to widen its facilities.

L’Albero del Pane presently operates 3 accumulation plants with a combined aboveground country of astir 40,000sqm and has a workforce of 230.

Combined income for L’Albero del Pane and its subsidiary Tedesco Srl reached astir €63m ($73.3m) successful 2024.

Around 45% of gross came from its ain brands – Ore Liete, GranArt and Piselli – portion exports accounted for 30% of turnover, with products shipped to much than 70 markets.

Commenting connected the deal, Unigrains Italia CEO Francesco Orazi said: “We see the baked goods assemblage to beryllium a distinctive conception of the 'Made successful Italy' contented and judge it maintains precocious maturation potential, whether organically oregon done acquisitions.

“For this reason, we mean to enactment L’Albero del Pane some commercially, by leveraging our web of relationships, and successful presumption of identifying imaginable acquisition targets.”

Banco BPM acted arsenic the sole lender connected the woody done its Reggio Emilia Corporate Banking Centre.