Granarolo Group, a leading company in the dairy industry, shall further expand its market share in North America by acquiring both productive and commercial companies.
The transaction was also made possible thanks to the public contribution provided by the Venture Capital Fund (Fondo Venture Capital – FVC), an instrument managed by SIMEST in agreement with the Ministry of Foreign Affairs and International Cooperation.
Together, FVC and SIMEST have invested 10 million in the capital of Granarolo’s US subsidiary, Granarolo USA, providing the Italian group with the resources required to complete the planned takeovers, the first one being the recent acquisition of Calabro Cheese, a dairy company specialised in the production and marketing of fresh dairy products, positioned in the high-end of the cheese market.
FVC is a tool that adds to SIMEST’s direct investment in projects that help Italian enterprises go international, making them more cost-effective.
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