Italian dairy cooperative Latteria Soresina is set to acquire gorgonzola producer Fratelli Oioli.
Latteria Soresina’s general manager, Michele Falzetta, said: “The union between Latteria Soresina and Oioli know-how will allow us to offer the market a product of absolute excellence supported by a sturdy, well-respected company and supply chain structure, opening up additional opportunities both in Italy and, above all, towards exports”.
Production manager at Fratelli Oioli, Gabriele Oioli, said: “The Latteria Soresina acquisition would ensure the company’s future continuity, both concerning the initial project of their father, Giovanni Oioli, and for all the employees of the dairy, who are part of the family business and an integral part of it”.
According to Latteria Soresina, the formed group’s annual turnover will exceed €500 million. While Latteria Soresina will have total ownership of the gorgonzola producer, the Oioli brothers will remain responsible for running the dairy.
Maurizio Oioli, sales manager of Fratelli Oioli, said: “We also believe that becoming part of a large and solid group such as Latteria Soresina will allow the company to continue to grow on the market as it has done in recent years, during which it was able to safely overcome both the problems of the pandemic as well as those of the energy and raw material availability crisis, which, unfortunately, continue to heavily affect the market at this time.”
Financial terms of the deal were not disclosed.
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