Italian cheese corporations Agriform, Parmareggio merge | Foods Industry Information

Combined entity would have had turnover of EUR600m in 2019

Put together entity would have had turnover of EUR600m in 2019

Agriform and Parmareggio have merged to kind the “greatest Italian enterprise in the globe” of guarded designation of origin (PDO) cheeses.

Dependent in Sommacampagna in Verona province, Agriform is known for its Grana Padano PDO cheese. Parmareggio, found in Modena and component of the Bonterre Team, is better known for its Parmigiano Reggiano PDO really hard cheese.

Below a a few-12 months approach, the blended entity designs to enhance turnover from the 2019 starting off base of EUR600m (US$729.1m) and also to boost earnings margins, according to joint assertion, which supplied no further more specifics for the terms, funding or holdings.

just-food has approached the two companies for clarification but experienced not acquired a reaction at the time of producing.

“The blend of our production chains – made up of above two thousand breeders and about 20 dairies – and our business networks, as perfectly as our typical, solid, cooperative roots, will let us to build an even extra solid firm and to incorporate worth to the products of our customers,” the statement examine.

Agriform is a EUR177m turnover corporation started in 1980, with exports accounting for around 50 % of its yearly profits. It ships to nations this kind of as the US and Canada, Germany, Switzerland, Sweden and Spain in Europe, and Australia.

In 2019, Parmareggio and Grandi Salumifici Italiani ended up merged to create Bonterre, an agri-food items team present in aged cheeses and treated meats.