Consilium and Progressio, alongside MMM Srl, have successfully sold Gelit, a leader in the frozen ready meals market, to Wealth Venture Fund SICAR after enhancing its growth and market position through substantial investments.

Information on the Target

Gelit, founded in 1977 and headquartered in Cisterna di Latina, Italy, is a prominent player in the frozen ready meals and crepes market, focusing on private label products. Since its acquisition in 2019 by Consilium and Progressio, Gelit has undergone significant growth, driven by over 30 million euros in investments aimed at expanding production capabilities and achieving sustainability goals. The company has successfully obtained B Corp certification, distinguishing itself as the first in its category worldwide.

Under the leadership of CEO Stefano Mattioli, Gelit has not only consolidated its market position but also established new strategic partnerships, particularly in Italy and the United States. The company has demonstrated its commitment to innovation by developing new products that have created entirely new segments within the frozen snacks market.

Industry Overview in Italy

The frozen food industry in Italy is experiencing transformative growth, driven by changing consumer preferences toward convenient and ready-to-eat meal solutions. As a sector that emphasizes quality and sustainability, Italian frozen f