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January 22, 2021

Europe’s Partner in Pet Food buys Italian peer Landini Giuntini

Partner in Pet Food, a Hungary-based pet-food manufacturer with nine factories in Europe, has snapped up a business in Italy to broaden its product range.

By Dean Best

Partner in Pet Food, a Hungary-based pet-food manufacturer with nine factories in Europe, has snapped up a business in Italy to broaden its product range.

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The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
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Landini Giuntini, Italy’s largest supplier of private-label dry pet food, has been sold to Partner in Pet Food (PPF) for an undisclosed sum.

PPF’s product range covers the principal categories of wet and dry food and the business said the deal would expand its portfolio.

“With its strong footprint in Italy and successful growth, this acquisition represents a significant opportunity for us to expand further our pan-European presence. This partnership will also enable us to broaden our product range into snacks and treats, particularly in the premium and super-premium ranges,” PPF chief executive Gerald Kuehr said.

Based in Città di Castello in central Italy, Landini Giuntini supplies domestic and international customers, including supermarkets and speciality pet food retailers. The company’s management team, led by Steven Giuntini, will continue to run the business after it becomes part of PPF.

Mr Giuntini said: "We will be able to offer products from PPF's range to our customers and to support PPF's platform with our products and our passion for pet food [that is] made in Italy."

PPF's last acquisition came in July when the company acquired Sweden-based pet-food business Doggy, another move to bolster its business internationally.

Two-and-a-half years ago, private-equity group Cinven acquired PPF from another buy-out house Pamplona Capital Management. Pamplona had bought the business from private-equity firm Advent International in 2015.

PPF generates annual sales of around EUR300m (US$365.3m), distributing products across more than 30 European countries and employing in excess of 1,800 staff.

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Free Report
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What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

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