Sammontana-Forno d'Asolo, after the Antitrust approval a 1 billion group is born

Following the green light from the Antitrust Authority, the closing of the transaction announced last February has been finalised, thanks to which the Bagnoli family and Frozen Investments, an investment company of Investindustrial, have entered into a partnership to create a new Italian industrial reality, of international significance, in the sector of ice cream and frozen bakery and pastry products, through the merger of Sammontana, owned by the Bagnoli family, with FdA Group (Forno d'Asolo).

The Bagnoli family, Investindustrial and senior management will hold 100% of the new group with operational control remaining in the hands of the family and Investindustrial guiding international expansion. The new company is the result of the desire for development and the industrial vision of the Bagnoli family - which has founded and led Sammontana for three generations - and Andrea Bonomi's investment group.

The partnership will make it possible to fully exploit the competitive strength of brands that are symbols of Italian excellence, such as Sammontana, Bindi, Tre Marie, Forno d'Asolo and Il Pasticcere, together with the commitment to sustainable development that has marked the path of Sammontana and Investindustrial over the last decade.

International expansion will strengthen the FdA Group's presence in the United States and major European countries. The group resulting from the merger of Sammontana and Forno d'Asolo will have a turnover of almost EUR 1 billion with production plants in Italy, the United States and France, and over 2,500 employees.