Foster Clark Products acquires Italy’s Preziosi Food in strategic expansion move
Foster Clark Products is now entering the Italian savoury snacks market through this acquisition.
MALTA/ITALY -Malta-based food manufacturer Foster Clark Products has acquired Italian snacks firm Preziosi Food, marking a significant step in its European expansion strategy.
The deal, finalised at the end of July, was facilitated by investment advisory firm Houlihan Lokey. Financial terms were not disclosed.
Foster Clark Products, known for its powdered beverages, desserts, and baking aids, is now entering the Italian savoury snacks market through this acquisition.
Preziosi Food, established in 1999 under the Mitica brand, specialises in branded and private-label chips and savoury snacks. It also owns the historic Salati Preziosi brand, which has recently been revitalised.
The acquisition provides Foster Clark with a key operational base in Italy, expanding its footprint across savoury snacks, confectionery, and sweet goods.
The move aligns with the company’s broader external growth strategy, aimed at strengthening its presence in Europe while complementing its existing markets in the Middle East, Africa, and Asia.
Preziosi Food was previously owned by a group of investors, including private-equity firms Vertis SGR and Hat SGR.
In 2024, the company reported revenues exceeding €86 million (US$100 million), underscoring its strong market position.
Vertis SGR stated that the divestment offered an attractive financial return for its investors and expressed confidence in Foster Clark’s ability to ensure continuity and drive further international development.
Industry analysts view the acquisition as a strategic win for Foster Clark, allowing it to diversify its product portfolio and tap into Italy’s robust snack food sector.
The deal also reflects a growing trend of cross-border acquisitions in the European food industry, driven by the need for scale, brand consolidation, and market access.
As Foster Clark integrates Preziosi Food into its operations, stakeholders anticipate new product innovations and expanded distribution channels.
The acquisition is expected to enhance competitiveness and open doors for collaborative growth across the Mediterranean region.
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