Italy’s Casa Della Piada, a breadmaker owned by investment business Aksia, has acquired Gastone, a local peer, for an undisclosed sum.
Both companies specialise in making piada, or piadina, a type of Italian flatbread associated with the Romagna region which has Protected Geographical Indication status.
Family business Gastone was founded in 1965 in Ravenna and has gone from being a small local producer to one of the largest players in this specialist market. It has a 2,000 sq m production facility and posted revenues of EUR2.9m (US$3.2m) in 2018.
Modena-based Casa Della Piada was founded in 1974 and was acquired by Aksia – a global investment business which has its European base in London – in 2018 through its Aksia Capital 1V fund. It produces more than 100 million flatbreads a year from a 22,000 sq m production site.
Its turnover in 2017 was EUR20m.
See Also:
Aksia said that with this acquisition Casa Della Piada has consolidated its leadership position in the wraps market.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData