Pan di Vico (breadcrumbs) joins French multinational Solina

The French multinational Solina, with approximately 1,7 billion euros in revenue, is swallowing up the Italian company Pan di Vico, the queen of breadcrumbs. It is the third acquisition in Italy.

The company from Bientina, in the province of Pistoia, is a limited liability company with revenue of more than 18 million euros in 2024 (+10,3 on 2023), 42 employees and a very significant profit, exceeding 2,4 million, but slightly down compared with the previous 2,77 million.

Solina means sauces, ingredients, flavourings and packaging design

The acquisition expands the group’s portfolio Solina in this specific segment, which is part of a much broader offering of components for food preparations and customised solutions for customers: sauces, flavourings, vegan and confectionery ingredients, as well as bespoke packaging design.

Solina, which operates on every continent except Oceania, with a particular focus on Europe and North America, acquired, 20 days ago, on 1July, the US company Epicurean Butter of Thornton, Colorado.

The group, 51 production plants worldwide, came under 2026 the aegis of French private equity firm Astorg Partners, which has a portfolio of 30 companies.

Pan di Vico produces all kinds of breadcrumbs: conventional, organic and speciality, using different flours

Pan di Vico follows the Italian companies Mta and Phenofarm

The acquisition strengthens Solina’s industrial capabilities and, at the same time, consolidates its presence in Italy, following the acquisitions, in 2024-25 of Parma-based Mta (food additives and ingredients) and Phenofarm of Scandiglia (Rieti), also active in the production of natural ingredients and flavourings for the food industry, as well as in animal nutrition, nutraceuticals and cosmetics.

Pan di Vico produces a wide portfolio of conventional breadcrumbs, organic and speciality, using classic, wholemeal, speciality and spiced flours, and will become the French giant’s main Italian outpost.

Pan di Vico’s management team, led by chief executive Luca Degl'Innocenti, will remain with the company, ensuring continuity for customers and employees while supporting the development of the Tuscan business, which appears solid from every point of view.

This article was translated from the original Italian version with the assistance of artificial intelligence. In case of discrepancies, please refer to the original Italian version.