Bakkavor Group has sold the remaining 60% stake it held in Italian pizza business Italpizza to Dreamfood.

Agust Gudmundsson, Bakkavor CEO, said the deal would enable the group to focus on its priority markets in the UK, US and Asia. "The completion of this sale marks another important step for Bakkavor as we continue to focus on our core growth markets in the UK, US and Asia," he commented.

Go deeper with GlobalData

Go deeper with GlobalData

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

"This transaction also represents a great development opportunity for the Italpizza business as the company moves forward under the new ownership of Dreamfood," Gudmundsson added.

Dreamfood is an investment company controlled by Cristian Pederzini, the managing director of Italpizza. The transaction follows the sale of Bakkavor’s 40% stake in Italpizza to Dreamfood in May last year.

Just Food Excellence Awards - Nominations Closed

Nominations are now closed for the Just Food Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Winning five categories in the 2025 Just Food Excellence Awards, Centric Software is setting the pace for digital transformation in food and FMCG. Explore how its integrated PLM and PXM suite delivers faster launches, smarter compliance and data-driven growth for complex, multi-channel product portfolios.

Discover the Impact