Clessidra Private Equity acquired a 70% stake in Laurieri, an Italian bakery company, to enhance its international growth and sustainability initiatives.

Target Company Overview

Clessidra Private Equity has successfully acquired a 70% stake in Laurieri, a prominent Italian bakery company recognized for its diverse range of sweet and savory products. The Laurieri family will retain a 30% stake in the company as it embarks on its next growth phase. Established in 1976 in Matera, Laurieri generates approximately €20 million in annual revenues, with over 90% derived from international markets.

The company produces a variety of snacks catering to mainstream retail, travel retail, as well as specialized dietary categories such as Halal, Kosher, vegan, and gluten-free products. Laurieri operates four production lines with a daily capacity of about 45 tonnes and anticipates the opening of a second plant dedicated to gluten-free manufacturing in 2024, showcasing its commitment to innovation and market expansion.

Industry Overview in Italy

The Italian agrifood industry is a crucial component of the national economy, characterized by a rich tradition of artisanal food production and a growing emphasis on sustainability and quality. This sector is witnessing an increase in consumer d