Food

The French brand Solina takes on the Pisan brand Pan di Vico

2' min read

Translated by AI
Versione italiana

2' min read

Translated by AI
Versione italiana

One of the three Italian companies producing breadcrumbs – a key ingredient in filled pasta and breading – has changed hands. Pan di Vico srl, based in Bientina (Pisa) and now in its third generation under the ownership of the Degl’Innocenti family, has been sold in its entirety to the French multinational Solina, a leading manufacturer specialising in ingredients, blends and flavourings for the food industry. The value of the transaction has not been disclosed.

Pan di Vico has five production lines for breadcrumbs, aimed at both the food industry and the end consumer, distributed under its own brand and as private-label products for large retailers. In 2025, the Pisa-based company had a turnover of around 15 million euros, with an EBITDA of 3.7 million euros and 50 employees, a figure that has grown year on year. It operates four production facilities in Bientina, covering a total area of 7,000 square metres.

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Solina, with a turnover of 1.5 billion, 4,400 employees, more than 50 factories worldwide and a presence in 75 markets, is owned by the private equity fund Astorg and has already made several acquisitions of small companies specialising in flavourings in Italia, from MTA, which controls Parmaromi (in 2024) to PhenoFarm in Rieti (in 2025).

Pan di Vico’s entry into the Solina Group enables the Pisa-based company to “significantly expand its opportunities for product development, innovation and customer service”, according to a statement. “Together with the expertise already brought by Mta and PhenoFarm, and that of Solina South Europe, the group is strengthening its position as one of Italia’s leading suppliers of savoury ingredients.”

Luca and Chiara Degl’Innocenti, the third generation of the family of retailers, will remain at the helm of the company. “Joining Solina marks a new chapter of growth,” says Luca Degl’Innocenti, “built on values we deeply share: a close relationship with our customers and a commitment to tackling technical challenges together. Combining our expertise in breadcrumbs and coatings with Solina’s broader capabilities creates tangible and exciting opportunities for our customers and our people.”

The transaction was handled by bP Corporate Finance, acting as Solina’s financial adviser. Pan di Vico was supported throughout the sale process by Cavallini & Partners, which provided M&A advisory services, and by the law firm SFB Avvocati, which handled the legal aspects.

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