April 12, 2024


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Italian cheese corporations Agriform, Parmareggio merge | Food items Industry Information

Combined entity would have had turnover of EUR600m in 2019

Combined entity would have had turnover of EUR600m in 2019

Agriform and Parmareggio have merged to variety the “major Italian company in the globe” of guarded designation of origin (PDO) cheeses.

Based mostly in Sommacampagna in Verona province, Agriform is acknowledged for its Grana Padano PDO cheese. Parmareggio, situated in Modena and section of the Bonterre Group, is much better identified for its Parmigiano Reggiano PDO really hard cheese.

Underneath a a few-12 months approach, the mixed entity ideas to maximize turnover from the 2019 setting up foundation of EUR600m (US$729.1m) and also to boost financial gain margins, according to joint assertion, which delivered no further details for the conditions, funding or holdings.

just-food items has approached the two businesses for clarification but experienced not received a reaction at the time of composing.

“The blend of our generation chains – made up of over two thousand breeders and about twenty dairies – and our commercial networks, as effectively as our widespread, potent, cooperative roots, will make it possible for us to make an even far more strong firm and to insert worth to the merchandise of our associates,” the statement study.

Agriform is a EUR177m turnover business started in 1980, with exports accounting for all-around 50 percent of its yearly sales. It ships to nations around the world these kinds of as the US and Canada, Germany, Switzerland, Sweden and Spain in Europe, and Australia.

In 2019, Parmareggio and Grandi Salumifici Italiani had been merged to build Bonterre, an agri-food group existing in aged cheeses and cured meats.