(Telestock) – Platinum Equitya global investment fund with approximately $48 billion in assets under management, will acquire a majority stake in F.lli Pollian Italian company active in the market of sauces and vegetable preserves, to accelerate its international expansion already underway. Financial details of the operation were not provided.
The operation sees the significant reinvestment by the Polli FamilyCEO Marco Fraccaroli and potentially part of the management, who will maintain a significant qualified and strategic minority share with the exclusive management of the company, ensuring continuity.
The sales of F.lli Polli has doubled in the last five years, reaching over 190 million euros in 2023, thanks above all to the development in international markets, with an export share of 80%.
Platinum Equity will support Polli and the management in an important strategic development plan, which foresees a solid organic growth, but also through external linesas well as strengthening the company’s geographical presence in Europe and the United States and developing its brands
“Thanks to this operation we are writing a further and important page in the history of Polli, characterised by constant growth in terms of results and plots by the entire market – commented Manuela PolliCEO of F.lli Polli and member of the sixth generation of the family – We are thrilled to continue our ambitious journey with Platinum, an important partner with whom we share values and objectives”.