Rigoni di Asiago, an Italy-based organic spreads producer, has snapped up chocolate maker Saveurs & Nature in France.
The family-owned Italian firm said the deal will expand Rigoni di Asiago’s presence in its “most important export market” of France. Financial terms were not disclosed.
Founded in 2001 by Valérie and Jean-Michel Mortreau in Montrèverd, Saveurs & Nature manufactures organic chocolate and bars, cereal pralines and bonbons under its namesake brand. The company, which generates 80% of a EUR12m (US$13.3m) turnover in France, is also developing three new lines with Le chocolats de Pauline, Les chocolats d’Augustin and Ikalia. The firm employs 70 people.
Mr Mortreau said: “The sale of our company was a long-standing decision and we chose to do it in the interests of the company and its employees. I had very clear ideas and my wish was to pass on my business to a family that shared our values and already had deep experience in organic farming.”
Set up in 1923, Rigoni di Asiago is a EUR130m turnover business located in the Italian region of Veneto. It produces the organic Fiordifrutta brand of fruit spreads, palm oil-free Nocciolata hazelnut spreads and the Mielbio line of Italian honey.
“When I met Jean-Michel Mortreau, I was struck by the similarity of our entrepreneurial backgrounds and the points in common between Saveurs & Nature’s DNA and our way of seeing things,” Rigoni di Asiago president and CEO Andrea Rigoni, the third generation of the family founders, added. “Both of us are aimed of the desire to create a better world by offering organic products good for our consumers and for the planet.”
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Rigoni di Asiago, which employs 245 staff, plans to expand the Saveurs & Nature business “through specialised distribution in France and abroad” and with new product innovation.