Italy: Eridania invests €20 million in logistics, sweeteners
Eridania, the Italian sugar and sweetener business owned by France’s Cristal Union, is investing €20 million ($22 million) to upgrade its facility in Russi, Ravenna. The investment forms part of a broader strategy to improve supply chain efficiency and accelerate expansion in the sweetener segment. Approximately 75% of the total funds (around €15 million / […]
France: Cristal Union acquires Eridania
Cristal Union, the French sugar processor and owner of the Daddy brand, has announced that it has reached a deal to acquire Italian sugar and sweetener firm Eridania through its subsisdiary Cristal Co. Eridania, in which Cristal Union has held a 49% stake since March 2011, is Italy’s leading distributor of sugar and sweeteners. The […]