The transaction will see CVC Capital Partners IX acquire Irca, the global B2B manufacturer of speciality food ingredient solutions.
The Zephyrhills facility is being developed in three phases, with the first phase operational by mid-2026, the second by 2028, and the third by 2030.
The planned development includes a bakery production facility, a warehouse, and a distribution centre, according to project reports.
This project will support the development of industrial capacity dedicated to this strategic innovation for the Nutella brand by installing a production line unique in Europe.
The facility will have an annual feed production capacity of 400,000 tonnes and is expected to become operational in 2027.