The food producer, indirectly owned by CDP Equity, continues to grow by focusing on the North American and Asian markets
From North America to Asia, Inalca Food & Beverage continues to expand internationally. Controlled by majority stakeholder Cremonini Group, with indirect stakes held by CDP Equity and Qatar Holding, Inalca operates in the international distribution of Italian specialty foods. With two new deals, Inalca will open a cured mean factory in Canada and is purchase a large distributor in Hong Kong.
The first initiative is designed as a joint venture with the Canadian company Italpasta, producer of pasta and importer of Italian branded products (Colussi, Trunks, Misura, Agnesi). Italpasta, based in Ontario, will supply the plant, while Inalca will provide the production lines. The project will give the opportunity to experience an easily replicable business model in other countries, which are crucial for Inalca’s growth.
On the other side of the world, Inalca is finalizing the acquisition of a large Hong Kong distribution company. The transaction will be closed by the end of February and give the Italian company easy access to the Asian market.
Inalca Food & Beverage represents a catalyst for the development of the Italian food distribution abroad. Through the joint venture with Qatar Holding, CDP Equity has invested 165 million euros in Inalca subscribing to a capital increase in 2014, proceeds of which were mainly dedicated to company growth. The company recently took over distribution companies in the Canary Islands, Thailand, Australia and Malaysia and is currently planning to enter Singapore, the Philippines and the Caribbean region.
CDP Group supports the Italian agri-food sector, promoting the future of Made in Italy abroad.