Private equity firm BC Partners has reached an agreement to acquire Italian frozen patisserie company Bindi.
Milan-based Bindi produces a variety of desserts and other bakery products, including patisserie products, cakes and ice creams.
Bindi has over 25,000 clients in Italy, mainly restaurants, hotels and bars. The company also sells its products in over 40 international markets, which account for around 40% of revenues, led by the US where it operates through subsidiary with production and direct distribution capabilities.
Last year, the company generated revenues of over €140 million.
The financial terms of the transaction were not disclosed and the deal is subject to customary closing conditions.
Planning For Growth
BC Partners said that it plans to support Bindi’s growth plans, including expanding its product offering, developing new patisserie products, growing international sales, and further consolidating the patisserie market through strategic acquisitions in Italy and abroad.
Bindi will continue to be managed by Roberto Sala, the company's general manager since 2014, and Attilio Bindi, CEO, who will remain involved in a non-executive role to support the development of the brand abroad.
In 2018, BC Partners acquired the Italian frozen bakery player Forno d’Asolo.
© 2020 European Supermarket Magazine – your source for the latest retail news. Article by Branislav Pekic. Click subscribe to sign up to ESM: The European Supermarket Magazine
