Icelandic food producer Alfesca has bought Italian supplier D&F from its founding managers.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The ready meals-to-seafood maker said the deal would allow it to substantially grow its Italian business.
With turnover of EUR8.8m (US$13.7m) in 2007, D&F is one of Alfesca’s main distributors in Italy.
D&F concentrates on Italy’s retail grocery and foodservice markets and will continue to be run by existing management.
“D&F’s strong position combined with Alfesca’s category leading skills will form a solid foundation from which Alfesca will be able to offer Italian customers a complete range of seafood products,” Alfesca CEO Xavier Govare said.
Alfesca declined to reveal the purchase price but said it would not affect the company’s results.
