Italian dairy group Granarolo has moved to a majority stake in local cheesemaker Venchiaredo for an undisclosed sum.

Granarolo has upped its stake in Venchiaredo from 24% to 57.47%.

Venchiaredo, based in Ramuscello di Sesto al Reghena (Pordenone) is a producer of stracchino, a soft, cow’s milk cheese, popular in Italy.

The company has 80 employees and a turnover recorded at the end of 2018 of EUR26.9m.

Gianpiero Calzolari, president of Granarolo, said the deal “allows Granarolo to follow up on the 2019/2021 business plan which provides, among other things, greater production efficiency and greater specialisation”.

He added: “We are also happy to be able to add the 49 members of the Venchiaredo cooperative who supply 250,000 tons of milk a year to the Granlatte supply chain. In this way the presence of Granarolo in a region with an important productive vocation is growing.”

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.

Alessandro Driussi, president of Venchiaredo, said: “With the integration in the Granarolo Group we will continue on the Venchiaredo growth path aiming for an annual production of 9,300 tons of stracchino.”