Granarolo Buys Another Uk Distributor

1 month ago

Granarolo said nan acquisition is intended to amended its customer scope done its UK subsidiary, chiefly successful London.

Italian dairy group Granarolo has acquired supplier West Horsley Dairy to “strengthen” its foothold successful nan UK.

Granarolo said successful a connection that nan acquisition is intended to amended its customer scope successful nan UK, chiefly successful London.

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As portion of Granarolo’s 2026-2029 strategy to grow internationally, particularly successful nan UK and Germany, president Gianpiero Calzolari said: “Consolidation successful nan UK is an important portion of nan group’s maturation argumentation abroad.

“The scheme is to importantly summation nan measurement of Italian dairy products successful nan UK, focusing connected nan Horeca and foodservice markets successful London, wherever West Horsley has consolidated its presence.”

Financial position of nan transaction were not disclosed.

West Horsley Dairy distributes dairy products specified arsenic milk, cream, food and yogurt. It employs 73 unit and operates 43 refrigerated vehicles. It supplies astir 500 customers, predominantly restaurants, pubs, and hotels successful London and south-east England.

The company, which posted a turnover of astir £16m ($21m) successful 2024, was group up successful 1992 by Philip and Catherine Colton, who said nan woody will “maximise nan worth of West Horsley’s offering”.

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The Colton’s said successful nan aforesaid statement: “We are assured that it [Granarolo] will maximise nan worth of West Horsley’s offering by expanding it, to nan restitution of nan galore customers who person placed their spot successful america complete nan years.”

In nan UK, Granarolo supplies a scope of alleged protected nickname of root (PDO) cheeses specified arsenic Parmigiano Reggiano, Gorgonzola and Pecorino, according to UK CEO Anthony Bosco.

The UK business portion was formed successful 2013 arsenic a associated task betwixt Granarolo and Italian foods master Fratelli Bosco. It expanded successful 2018 with nan purchase of Midland Food Group, a supplier of fresh, ambient, and stiff foods.

In May 2021, Granarolo assumed sole ownership of its UK associated venture.

Granarolo said it accounts for 12.8% of Italian dairy exports to nan UK and 9.1% of Italy’s full dairy exports globally.

Overseas income are projected to dress up astir 40% of its full successful 2025.

In 2024, nan group’s turnover accrued to €1.72bn ($2bn) from €1.62bn successful nan anterior 12 months. EBITDA edged up to €99.5m from €94m, while nett income roseate to €9.7m from €9.2m.

At nan commencement of this year, Granarolo said it would put £10m successful nan building of a new building astatine its UK caput office.

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