Cerealto completes acquisition of pasta factory in Italy
Spanish cereal-based product manufacturer Cerealto has completed the acquisition of the Italy-based Pastificio Mediterranea pasta factory after obtaining an approval from the Concordato de Alessandria.
Since 2013, Cerealto has been operating Pastificio Mediterranea under a lease agreement with an acquisition option.
The Spanish company will retain all 63 workers working at the facility.
The deal also includes the purchase of machinery, in addition to production lines.
Cerealto intends to work with the local suppliers as part of its sustainability policy.
Pastificio Mediterranea produces more than 70 varieties of organic, wholemeal pasta.
The facility also produces innovative types of pasta with ingredients such as kamut, chickpeas and spelt, among others.
Cerealto will continue manufacturing its clients’ brands, as well as distribute its Pastificio Mediterranea and Moccagatta brands.
This purchase is in line with the company’s strategy to expand in southern Europe.
Cerealto recently acquired a bread factory in Antequeta, Spain; and a pastry factory in Briviesca, Spain; and a biscuit factory in Mem Martins, Portugal.
Image: Cerealto completes acquisition of Pastificio Mediterranea in Italy. Photo: courtesy of Cerealto.