Katjes International acquires large panettone producer in Italy
Katjes
Until the initiation of insolvency proceedings in October 2021, Paluani was Italy's fourth-largest panettone manufacturer, with sales of around EUR 40 million in fiscal 2021 at last count.
"We are pleased to be able to acquire a brand like Paluani, which is rich in tradition and well-known throughout Italy, in order to further expand our leading market position in the Christmas season," said Tobias Bachmüller, managing partner of Katjes International.
Sperlari was advised on the acquisition by PWC Italia and law firm Chiomenti Studio Legale. The acquisition is being financed from the Group's existing cash.
Note: This article has been translated using a computer system without human intervention. LUMITOS offers these automatic translations to present a wider range of current news. Since this article has been translated with automatic translation, it is possible that it contains errors in vocabulary, syntax or grammar. The original article in German can be found here.
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