Italian fund takes majority stake in Alimenta Produzioni
The deal positions Alimenta for medium- to long-term growth alongside its existing management team.
ITALY – Fondo Italiano d’Investimento Sgr has announced its acquisition of a majority stake in Alimenta Produzioni Srl, a leading Italian producer of piadina, pinsa, and regional savoury baked goods, marking a significant move to boost the national agri-food sector.
The transaction, executed through the Fondo Italiano Agri&Food (FIAF), partners with the existing management team led by founder and CEO Valter Baldacci, alongside shareholders Alberto Fenati and Matteo Federici, who will retain leadership and co-invest to drive medium- to long-term industrial growth.
Based in Riccione with 265 employees, Alimenta generated approximately €50 million (US$58.37M) in revenue in 2025, holding a leadership position in the piadina romagnola IGP market while expanding into pinsa, which now accounts for 30% of its turnover.
Alimenta, founded in 2013, has built a robust production platform across three hubs in Emilia-Romagna and Marche, primarily serving large-scale organized distribution in Italy.
International markets, including the UK, Germany, the Netherlands, Poland, the Nordics, Australia, and the US, now contribute over one-third of revenues, fueled by demand for premium, “better-for-you” products.
The investment targets accelerated global expansion, particularly for pinsa, and consolidation of domestic leadership through innovations like Altograno flour lines from partner Molino Casillo, emphasizing high protein and fiber content to meet evolving consumer trends.
Pier Felice Murtas, Senior Partner at Fondo Italiano, highlighted Alimenta’s solid platform and growth potential abroad, aligning with the firm’s vision to leverage management expertise for industrial investments, customer expansion, and organizational strengthening.
Valter Baldacci, CEO of the company, added: “The arrival of a partner like Fondo Italiano d’Investimento represents a key step for Alimenta and allows us further to accelerate investments in support of the industrial process already underway. In this context, we will continue to systematically integrate ESG considerations into our operational decisions, as part of an approach geared towards long-term value creation.”
Expected to close in the first half of 2026, the deal underscores Italy’s private equity focus on food excellence amid competitive global dynamics.
With this latest initiative, the Italian Agri&Food Fund (FIAF) continues to implement its investment strategy to support Italian agri-food companies with solid industrial bases, strong product identities, and significant growth prospects, both in Italy and international markets.
This partnership positions Alimenta to capitalize on rising demand for authentic Italian specialties, further enhancing its role as a key player in savory baked goods.
Sign up to HERE receive our email newsletters with the latest news and insights from Africa and around the world, and follow us on our WhatsApp channel for updates.
