Andriani enters the ready-made sauces and pesto market with the acquisition of Pu-ma Conserve

Andriani Società Benefit has announced the acquisition of 100% of the share capital of Pu-ma Conserve, a company from Puglia specialising in the production of ready-made sauces, pestos and preserves, with 95% of its production being organic.

The transaction is part of the Group's targeted growth strategy, including through external growth, and marks its entry into categories adjacent to its core business, leveraging shared commercial channels, new consumption opportunities shared with its consumers, and significant growth opportunities in national and international markets.

Pu-ma Conserve

Founded in 1986 in Bisceglie, Pu-ma Conserve has developed expertise in raw material processing and recipe formulation over more than forty years of activity, launching its first certified organic production in 1991. Today, production is almost entirely organic and includes sauces, pestos, tomato preserves and vegetables preserved in oil. The company specialises in private label products for high-value markets such as those in Central and Northern Europe. It has a portfolio of 100 recipes and operates through two facilities in the northern Bari area, specifically in Molfetta and Bisceglie, covering a total area of 17.000 sq m.

Comments

“The acquisition of Pu-ma Conserve represents a step consistent with the Andriani Group's growth strategy and with our vision across the entire agri-food chain. The transaction enables us to strengthen our industrial and technological expertise, acquiring know-how in new production processes and expanding the path already begun in controlled supply chains, regenerative agriculture and the creation of new partnerships. This initiative will in fact enable us to extend our commitment to enhancing the value of new raw materials and to offer a new product category to our customers, from industry to distribution and through to the final consumer,” stated Daniele Camicia, general manager of Andriani Società Benefit.

Michele Pugliese, director of Pu-ma Conserve, commented: “Pu-ma Conserve represents the result of an entrepreneurial journey built by our family with commitment and passion, deeply rooted in Puglia and the enhancement of Made in Italy excellence. We are proud of what we have built and convinced that joining the Andriani Group can open a new phase of development, bringing the quality and expertise of Puma Conserve to an increasingly international scale”.

The transaction advisors

The Andriani Group was assisted by PerdersoliGattai as legal advisor, with a team led by partner Alessandro Dolce and senior associate Jacopo Cioffi, and supported by PwC for the financial and tax due diligence activities.

The shareholders of Pu-ma Conserve were assisted by PwC, which acted as financial and legal advisor, with a corporate finance team comprising Daniele Casile and Andrea Cristini and a legal team comprising Cristina Cengia and Riccardo Lonardi.

The transaction was financed by Banco Bpm, which was in turn assisted by McDermott Will & Schulte Studio Legale Associato.

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.