A fund managed by Fondo Italiano d’Investimento has picked up a majority stake in Alimenta Produzioni, an Italian baked goods manufacturer.
In a statement on 9 January, the private-equity firm said it is backing Alimenta through its Fondo Italiano Agri&Food Fund (FIAF).
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Financial terms of the deal were not revealed.
The transaction is being carried out with Alimenta’s existing management team, which will stay in place and invest alongside the fund to support the group’s “medium-to-long-term” growth plans.
Established in 2013, Alimenta is headed by founder and chief executive Valter Baldacci, along with partners Alberto Fenati and Matteo Federici.
The Riccione-based firm has 265 employees and reported revenues of around €50m ($58.3m) in 2025.
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 GlobalDataPier Felice Murtas, senior partner at Fondo Italiano, said: “Alimenta represents a solid industrial platform with a distinctive positioning and significant growth opportunities, particularly in international markets.
“Together with the current management team led by Valter Baldacci – whose achievements in just a few years since the company’s founding we greatly appreciate – we share a medium-to-long-term vision: we aim to guide the group into a new phase of its journey, leveraging industrial investments, customer base expansion and organisational strengthening, while fully valuing internal expertise.”
Alimenta claims a “leadership” position in the Romagna piadina category, or Italian-style flatbreads. It also produces pinsa and other savoury bakery products.
It supplies retail customers from three production facilities and a logistics centre located in Emilia-Romagna and Marche.
Alimenta has also increased its exposure to overseas markets, which now represent more than one-third of its total turnover.
Markets include the UK, Germany, the Netherlands, Poland and destinations in Northern Europe, as well as Australia and the US.
Fondo Italiano said the investment will underpin a fresh phase of development.
Priorities include reinforcing Alimenta’s international reach – especially in pinsa, which now accounts for about 30% of the group’s turnover – and “consolidating” its position in the domestic market.
The plan also covers the launch of new product ranges using Altograno flour, described as having a high natural content of protein and fibre.
This initiative has been developed with Molino Casillo, a flour and semolina producer based in Apulia, for which Alimenta holds exclusive licensing rights in its relevant product segments.
In addition, the shared strategy envisages greater focus on the Horeca channel.
Completion of the deal is anticipated in the first half of 2026.
