US pasta firm Seviroli Foods acquires D'Orazio Foods

US pasta manufacturer Seviroli Foods has announced the acquisition of fellow US-based Italian food maker D’Orazio Foods.

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What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:

Market drivers and inhibitors
Five-year forecasts and the impact of COVID-19
The performance of the online channel versus offline
Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation

Assess developments within this sector to help your business thrive in 2022 and beyond.

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D’Orazio Foods produces frozen Italian fare such as shells, crepe manicotti and stuffed rigatoni.

Seviroli is a maker of filled pasta and sauces. Its products are sold in the frozen food section of grocery, gourmet and club stores. It also supplies the foodservice sector.

The D’Orazio organisation will be folded into Seviroli Foods. In a statement, Seviroli said the acquisition represented a “key portion” of the company’s strategic plan to expanding its market share. “The frozen pasta business is positioned for consolidation among manufacturers,” the group saod.

Joseph Seviroli, CEO of Seviroli Foods, added: “The acquisition further strengthens the manufacturing capabilities and customer base of Seviroli Foods.”

Seviroli did not comment when questioned when asked by just-food for financial details of the transaction.

Free Report

What’s the forecast for the food and grocery industry?

Market drivers and inhibitors
Five-year forecasts and the impact of COVID-19
The performance of the online channel versus offline
Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation

Assess developments within this sector to help your business thrive in 2022 and beyond.

By GlobalData