Financial and M&A Advisory for the new Italian charcuterie cluster

Intesa Sanpaolo, through the IMI Corporate & Investment Banking Division, acted as exclusive Financial and M&A Advisor to Salumifici GranTerre S.p.A. and Parmacotto S.p.A. in the definition and closing of the agreement that generates the largest Italian pole of cured meats, ready meals and branded cooked hams.

The operation involves the contribution to Salumifici GranTerre of the entire shareholding in Parmacotto.

The new entity, which will have 2,500 employees and 20 plants, will generate revenues for more than EUR 1.1Bn. The business plan envisages exceeding EUR 1.5Bn in revenues within five years and an expansion plan in markets where the two companies are already present (US and main EU markets), as well as the opening of new ones.

Intesa Sanpaolo follows both companies through the Agribusiness division of the Banca dei Territori Division.