Sabelli, a leading Italian manufacturer of fresh cheeses based in the Marche region, has announced a binding agreement to acquire local cheesemaker Stella Bianca from the Latte Montagna Alto Adige (Mila) dairy cooperative.
Founded in 1978, Stella Bianca has an annual turnover of €51 million ($55 million) and a 185-strong workforce. It produces a range of spreadable cheeses made of 100% Italian milk, including an organic line.
A spokesperson for Sabelli said the deal would boost the company’s annual turnover to more than €320 million ($346 million).
Commenting on the agreement, Sabelli Co-CEO Davide Galeati said: “[This acquisition] opens up an opportunity to gain space in an adjacent category, cementing the brand as a fresh cheese specialist”.
The transaction is expected to be finalised by June.
Source: Distribuzione Moderna
