Nestlé Italiana sells Buitoni pasta plant to Pastificio Rana

636505679133796279pasta.jpg

03 Jan 2018 --- Nestlé Italiana has signed a preliminary agreement to sell its pasta production plant in Moretta to Italian company Pastificio Rana. Nestlé has said that the acquisition covers all assets and will guarantee the continued employment of its current 190 members of staff.

The plant is located in the Piedmont region and produces fresh stuffed pasta and sauces under the group’s Buitoni brand.
 
As part of the deal, Pastificio Rana will also distribute and market Buitoni pasta and sauces in Europe, the Middle East and North Africa. However, in Italy and Spain, the Buitoni brand will still be distributed and marketed by Nestlé.
 
Buitoni will still be owned by Nestlé, and the company said it will continue to invest in innovation, research and marketing to promote the brand.
 
Leo Wencel, head of the Nestlé Group in Italy, said: “We are very satisfied with the agreement reached with Pastificio Rana, a leading producer of food excellence in our country.”
 
“Buitoni’s fresh pasta and sauces have always been synonymous with quality and emblems of the great Italian gastronomic tradition. The commercial partnership with Rana will allow us to seize growth opportunities abroad while ensuring development and employment continuity at the Moretta site.”
 
Rana Pastificio CEO Gian Luca Rana also commented: “We are very happy to have seized this opportunity, which allows us to immediately expand our production capacity, increase volumes and provide a timely and effective response to a global market that has seen us grow for over 25 years with average rates above 15 percent.”
 
He added: “This commercial partnership will allow us to appreciate and grow the fresh pasta and sauces categories of an important and historic brand like Buitoni in the markets in which it is not currently present.”
 
Transaction details of the deal have not been disclosed.

To contact our editorial team please email us at editorial@cnsmedia.com

Related Articles

Food Ingredients News

Pardue Grain breaks ground on US$6.5m pulse processing facility in Montana, US

16 Jul 2018 --- Pardue Grain has broken ground on a new US$6.5 million pulse crop processing facility in Great Falls, Montana, US. The company's new 32,000 square-foot building will create a dozen jobs and expand its pulse processing operation including sorting, sizing, cleaning and bagging capabilities. Pardue's existing storage and transloading facility is located in Cut Bank, Montana. The expansion is expected to open in the fall of 2018, according to the company.

Food Ingredients News

Nestlé pledges improved chicken welfare across Buitoni, Wagner and Maggi brands

02 Jul 2018 --- Nestlé is pushing up animal welfare standards for millions of chickens used in its food products across Europe as part of a broader initiative to use traceable and responsibly-sourced ingredients. The food giant will work with supply chain partners and stakeholders to improve living conditions for chickens, ensure the use of more humane practices and reduce stocking density.

Business News

Cutting out palm oil: “The road to hell is paved with good intentions,” claims RSPO chief

25 Jun 2018 --- Roundtable on Sustainable Palm Oil (RSPO) CEO, Datuk Darrel Webber has warned against the unforeseen sustainability and biodiversity impacts that may come from switching to, what he calls, less sustainable edible oils than palm oil. “The knee-jerk reaction is, ‘if this stuff is bad why not stop buying it,’ but of course, there are perverse incentives. You do this and that will incentivize something that is worse. More messages are coming out from academia and civil society saying that banning palm oil could lead to worse impacts than what we have now,” notes Webber.

Food Ingredients News

Faravelli CEO talks cleaner labels, natural preservation & expansion plans

18 Jun 2018 --- Italian company Faravelli has grown from a small trading company to a global supplier of food and pharmaceutical ingredients, as well as supplying cosmetic and biochemical industries with ingredients. According to the company, 35 percent of its business is for the food and supplement industry, where Faravelli believes that there is a vast amount of innovation and activity.

Food Ingredients News

“Misleading” labels: BEUC criticizes artisanal marketing, calls for tightened EU rules

14 Jun 2018 --- The European Consumer Organization (BEUC) has accused some food manufacturers of using “misleading tricks” on labels by using certain words and phrases that could be seen as “deceptive practices.” At the same time, the BEUC is calling for stronger regulation from the government on what can and cannot be on the label in a bid to eliminate some of the practices currently going on across Europe. The new report entitled “Food labels: tricks of the trade” highlights three practices that, according to the BEUC, “sugar-coat the actual quality of foods and drinks.”

More Articles