Italpizza To Boost Overseas Presence Under New “strategic” Framework

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Italpizza is launching a caller “strategic” model to thrust maturation arsenic laminitis and president Cristian Pederzini takes afloat power of nan business.

The Modena-headquartered company, which manufactures its ain marque of pizza and besides supplies backstage label, is seeking to foster further world description successful a marketplace “dominated by overseas multinationals”.

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That is nan nonsubjective laid down by Pederzini successful a institution connection yesterday (25 September). He has acquired nan remaining 24.5% successful Italpizza held by a “minority shareholder”.

In a abstracted station connected LinkedIn, Italpizza announced: “This inaugurates a caller semipermanent strategical and guidance model aimed astatine consolidating nan company’s maturation path, pinch an progressively cohesive, move and effective governance.”

“What we person opened is simply a new, progressively eager shape successful nan evolutionary way of nan Italpizza Group, ” Pederzini said successful this statement.

Italpizza was erstwhile afloat owned by nan UK own-label convenience nutrient group Bakkavor, which sold its liking successful stages complete 2014 and 2015 to holding institution Dreamfood. The purchaser is an finance patient owned by Pederzini.

According to Italian media, number shareholders were besides invested successful Dreamfood but past twelvemonth Pederzini reportedly upped his liking to 75.5%.

Yesterday’s connection from Italpizza read: “Pederzini acquired nan remaining 24.5% of nan genitor institution of Italpizza from nan remaining outer number shareholder successful nan shareholder structure.

“With this transaction, which completes a broader strategical transaction, nan shareholder building returns to afloat Italian ownership.”

Italpizza was group up successful 1991 and produces stiff and chilled branded pizza.

When nan institution announced past twelvemonth that it had received €58m ($67.6m today) successful slope financing to expand 3 of its facilities successful Italy, yearly turnover was put astatine €430m, pinch 60% generated from overseas successful 58 markets.

Just Food has asked Italpizza for an update connected its income revenues and to explain nan caller markets nan business plans to enter.

Pederzini added successful nan statement: “We are preparing pinch enthusiasm and determination to look caller world markets, pinch nan spot of an progressively coagulated business group.

“In a world marketplace dominated by overseas multinationals, we person successfully positioned our branded product: successful Italy, peculiarly successful possibly nan astir qualitatively demanding market, we person quickly earned nan title of marque leader successful nan category.

“Now, pinch progressively precocious skills and a clear and system semipermanent vision, we are preparing to execute nan aforesaid consequence overseas arsenic well.”