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.

Discover B2B Marketing That Performs

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

Find out more

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.

Aksia said that with this acquisition Casa Della Piada has consolidated its leadership position in the wraps market.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now