Arena Holding

, an Italian food company active in poultry and frozen food, has purchased compatriot company Garbini, strengthening its third-place position in frozen foods behind Findus and Nestlé.

Arena paid €14m for a 75% stake in Garbini. The rest will remain with the Garbini family, which will stay on as head of Garbini as the two companies will continue to operate separately for the time being.

Wit the acquisition, Arena doubles its poultry production capacity to 700,000 a week.

Arena bills about €100m a year and improved its share of the frozen food market (especially fish) from 4.9% to 6.5%.

By Hilmi Toros, correspondent

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.

Company Profile – free sample

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
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.