Investor-backed pizza manufacturer Valsa has acquired fellow Italian business I Maestri del Forno through a majority interest.
Private-equity firm Aksìa said Bologna-based Valsa's annual revenues will reach €180m ($208.6m) post the transaction, without providing details of current sales nor the financial terms of the deal for its Italian counterpart.
Headquartered in Pastorano, Caserta province, I Maestri del Forno produces pizza and other Italian bakery goods such as saltimbocca, puce and panuozzi for retail customers.
It is the latest bakery acquisition for Aksìa, which bought Valsa in 2020. Last year, the investor took a majority stake in Yahm, a chilled pizza maker in Italy, following a deal within the same category for Menchetti Food in 2023.
The investor also snapped up La Pizza+1 in 2021 through its portfolio company Valpizza, which was acquired by Aksìa the previous year. Also in 2021, another local pizza business C&D was added to the roster.