Bauli acquires Olivieri 1882 and enters the luxury segment

An operation that 'represents a significant strategic investment, consistent with our long-term growth objectives. It is the result of a careful analysis of the market opportunities and industrial synergies that this acquisition can generate: the economic commitment reflects our conviction in the value of the project and our desire to further strengthen our position in the sector, creating the conditions for lasting and responsible development". These are the words of Fabio di Giammarco, CEO of the Bauli Group, who yesterday announced the acquisition of a majority stake, equal to 80%, in Olivieri 1882, the historic artisan confectionery workshop founded in 1882 in Arzignano (Vicenza).

A union - the parties explain - based on common values: absolute quality, respect for tradition and an international vision. on the one hand Bauli, a leading Italian confectionery company founded in 1922 in Verona as a small artisan bakery. It is the main operator at national level in the festive segment where it holds more than a third of the market at Christmas and Easter: about 1,300 employees worldwide and seven production sites, six of which are in Italy. On the other hand Olivieri 1882, which has made large leavened products its core business and identity.

Olivieri 1882 - assisted at all stages of the deal by Andersen's lawyers, accountants and financial advisors - will continue to operate in full autonomy, maintaining its identity, team and creative freedom.

Managed today by Nicola and Andrea Olivieri, the fifth generation of the family, Olivieri 1882 has gained over the years a prominent position in the production of great artisan leavened goods, a symbol of Italian elegance and taste innovation. Their strengths are their artisanal soul and a production process certified by the University of Padua, which allows them to handle high volumes without compromising product quality, together with a digital culture. "Bauli's entry into the capital of Olivieri 1882 represents a strategic and visionary choice," comments Nicola Olivieri, CEO of Olivieri 1882. "We chose Bauli because it is a partner with an excellent research and development centre and international organisational know-how, as well as a historical reality and market leader. This combination offers us a structure capable of taking Italian craftsmanship excellence to an even higher level, accelerating our global expansion path. We will continue to lead the company, fully consistent with the values and quality that have always distinguished us'.

Olivieri 1882 ended the fiscal year to 31 December 2024 with revenue of EUR 5.8 million, an increase of more than 50 per cent compared to the 2023 financial year. Ebitda also showed significant growth, rising from EUR 0.8 million to EUR 1.4 million.