(Finance) – Amadori strengthens its position in the poultry meat businessstarting a industrial partnership with the entry into the capital of Forno d’Oro, a food processing company specialized in the processing of poultry meat and the preparation of high-end products (from roasts to ready-to-cook products). The Cesena Group has entered the capital with a share of 70%, while the founders, the Cosaro family, remain with 30% of the capital and the operational management of Forno d’Oro.
Golden Ovena Vicenza company active for over 40 years, has created a turnover of over 26 million euros in 2022 and employs 76 employees between office workers and production workers. One of the company’s strong points is represented by 8,000 m2 production site in Isola Vicentina (VI), which boasts latest generation production lines, thanks to the significant investments made in recent years.
The Amadori Group, after the acquisition of the Prosciuttificio Lenti in Piedmont, continues its path of strengthening its supply chain and product range and, thanks to the purchase of Forno d’Oro, is increasing its operational flexibility, acquiring skills and production capacity on this range of products.
The Group thus aims to answer the question as best as possible of poultry meats, expanding its assortment and the range of chicken and turkey roasts and cold cuts, developing the business in a market which accounts for 14% of total cold cuts by volume and cured meats in Italy and which, as a whole, recorded a value of 1,607 million euros in 2022, with a continued growth perspective in the coming years.
“Through this majority partnership, in which the founding family of Forno d’Oro remains within the corporate structure to collaborate with us on further business development, we equip ourselves with know-how and structures to develop the offer of products with high added value and service content: elements that will allow us to plan the business of the next Strategic Plan with these additional levers”, he explains CEO Denis Amadori.
“Since its birth, Forno d’Oro has always been a family even before a company, and today it becomes part of a large group at the top of the Italian agri-food sector, which shares our same values: pursuit of quality, care, attention and passion for their work”, he comments Severino Cosaro of Forno d’Oro.