Sector News

Granarolo acquires 25% of New Zealand’s European Foods

October 15, 2015
Food & Drink

Italy’s largest dairy company, Granarolo Group, has acquired 25% of European Foods, a leading importer and distributor of Italian food products in New Zealand. The operation was conducted via Granarolo Group’s subsidiary, Granarolo International.

The deal also includes an option to purchase an additional 26% of shares within the next 12 to 18 months, which could enable Granarolo International to attain a 51% stake in European Foods.

Granarolo will now secure distribution of a range of its products in New Zealand, including Parmigiano Reggiano (parmesan cheese), Grana Padano and Pecorino.

According to Granarolo chairman, Gianpiero Calzolari, the operation will also enable the company to reach Australia and countries of Southeast Asia, with which New Zealand has free trade agreements.

Auckland-based European Foods, which had a turnover of over €6 million in 2014, distributes Italian food products in the retail and in the foodservice channels.

The Italian cheese market in New Zealand is worth over €5 million, while the total for Oceania is around €33 million, of which over 50% comes from Parmigiano Reggiano and Grana Padano sales.

Source: European Supermarket Magazine

comments closed

Related News

December 5, 2021

Tetra Pak dairy manager identifies environmental health as key industry driver in COVID-19 age

Food & Drink

Environmental sustainability and net-zero emissions targets are the key change drivers in dairy packaging and processing right now, according to Bengt Eliasson, category manager for dairy ambient at Tetra Pak. In this wide-ranging interview with PackagingInsights, Eliasson discusses the Swedish-Swiss food packaging and processing giant’s latest low-carbon circular packaging and processing equipment technologies.

December 5, 2021

Chr. Hansen’s fermentation-enabled bioprotective FreshQ solution scores innovation award

Food & Drink

A panel of industry experts selected Chr. Hansen’s FreshQ concept at this year’s Fi Europe Innovation Awards in Frankfurt, Germany. The Food Tech Innovation Award was presented to the company’s range of next-generation food cultures, which are pegged as a “game-changer in terms of low impact on post-acidification” in fermented dairy.

December 5, 2021

China sets formal standard for businesses to use cage-free eggs

Food & Drink

In a move to scale cage-free egg regulations to market behest, the China Chain Store and Franchise Association (CCFA) and the China Animal Health and Food Safety Alliance (CAFA) have set a formal standard to define which eggs and egg products are to be marketed as cage-free.

Send this to a friend