Acquisition Overview
Platinum Equity, a prominent private-equity firm based in the United States, has successfully acquired a majority stake in Polli, an esteemed Italian producer of pasta condiments and vegetable preserves. While the financial specifics of the transaction remain undisclosed, the acquisition marks a significant milestone for both entities.
The deal sees Platinum Equity purchasing the majority stake from affiliates of the founding Polli family, who will maintain a minority interest in the company. CEO Marco Fraccaroli is set to continue his leadership role, ensuring a seamless transition and ongoing commitment to the brand’s heritage.
Company Heritage and Operations
Established in 1872, Polli has carved out a niche as a leading manufacturer of pasta sauces, olives, pickles, and various condiments, serving customers across more than 50 countries. Notably, Polli is recognized as one of the largest producers of pesto within the European Union.
The company operates four production facilities, generating approximately 29,000 tonnes of vegetables and over 190 million packages annually, showcasing its robust operational capabilities.
Statements from Leadership
Manuela Polli, managing director and a sixth-generation family member, expressed enthusiasm about the partnership, stating, “We are excited to continue our ambitious journey with Platinum, an important partner who shares our company’s values and goals.”
She further emphasized confidence in their collective ability to elevate the business on a global scale, remarking, “We are confident that together we will take the business to a new level of global leadership.”
Platinum Equity’s Strategic Vision
Platinum Equity, known for its diverse portfolio, which includes brands such as Biscuit International in France and the Fantini Group in Italy, is keen on leveraging its experience with family-owned businesses. Louis Samson, co-president at Platinum Equity, highlighted the firm’s expertise in mergers and acquisitions, stating, “Platinum has a lot of experience helping family-owned businesses leverage our M&A capabilities and global operating expertise to capitalize on market opportunities and maximize their potential.”
He further acknowledged Polli’s rich heritage, saying, “Polli has built an exceptional brand with a proud heritage, and we look forward to working together to build on that legacy.”
