Italian dairy business purchases UK chilled and frozen food firm

Food & Drink | Mergers & Acquisitions | Midlands
Granarolo dairy
Italian firm Granarolo has acquired Midland Food Group for an undisclosed sum

Italian dairy business Granarolo has acquired British chilled, ambient and frozen foods distributor Midland Food Group.

The move, which is for an undisclosed sum, will make the UK Granarolo’s third-biggest market, the dairy group said.

The company has also said that the acquisition will add sales worth €70 million to the turnover of Granarolo, boosting the revenue of its British unit to within reach of a €100 million target.

The group, which is well-know in Italy for milk and cheese products, recorded sales worth €1.3 billion last year.

Granarolo CEO Gianpiero Calzolari said: “With the acquisition of Midland Food Group we aim to make an even bigger splash in the British chilled food market, which in 2016 recorded total sales of about €100 billion and keeps growing.”

“Granarolo UK, which has a current turnover of more than €22 million with the Made in Italy selection of products, will now be able to count on two logistics hubs with a structured, efficient distribution system,” he added. “It will also have the opportunity to develop direct sales in the large and constantly expanding food services sector in the UK.”

Midland Food Group distributes hams and other cooked meat products, as well as a full range of ambient products for the food service industry.

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