Sector News

Bakkavör sells stake in fresh food firm

April 16, 2015
Food & Drink
Bakkavör has sold its controlling stake in a fresh prepared foods manufacturer.
 
Following the sale in May 2014 of 40 per cent of Italpizza, the foodservice giant’s Italian pizza manufacturing business, to Dreamfood, which is now exercise the option to acquire the remaining 60 per cent of Italpizza.
 
The transaction is expected to be completed in the second half of 2015.
 
Dreamfood is an investment company controlled by Cristian Pederzini, the MD of Italpizza. 
 
Italpizza primarily supplies the retail market, home delivery market, and foodservice companies across Europe and North America.
 
The company was established in 1991 and had a turnover of €40 million in 2007. It was acquired by Bakkavor Group in April 2008.
 
By Martyn Fisher
 
Source: Fruitnet

Related News

September 18, 2020

Cargill to advance regenerative agriculture practices across 10m acres of farmland

Food & Drink

Cargill has announced that it is supporting farmer-led efforts to adopt regenerative agriculture practices on 10 million acres of crop land in North America by 2030. The initiative will focus primarily […]

September 17, 2020

PepsiCo pilots invisible digital watermark technology to boost recycling

Food & Drink

PepsiCo is trialling products encoded with invisible digital watermarks for more effective recycling. The technology is pegged as the “holy grail” that will make mechanical sorting more efficient. The beverage […]

September 17, 2020

Lactalis to acquire portfolio of Kraft Heinz branded foods

Food & Drink

Lactalis Group is positioned to acquire a portfolio of Kraft Heinz brands, expected to close in the first half of 2021. The dairy supplier will also be partnering with the […]