Subscribe Login
DE4CC0DE-5FC3-4494-BCBF-4D50B00366B5
Supply Chain

Granarolo Acquires 60% Of Organic Food Producer Conbio

Leading Italian dairy and milk group Granarolo has acquired a 60 per cent stake in organic food and vegetable producer Conbio.

The deal enables Granarolo to further increase its strength in the vegetable products market, which grew 240 per cent over the past five years, going from €130 million in 2010 to €318 million in 2015. The market is expected to continue to grow, reaching as much as €600 million by 2020.

Last year, Granarolo launched the “100% Vegetale” range, which achieved a turnover of over €14 million.

Conbio is the fourth largest Italian company in the vegetable-based food market for refrigerated goods, with turnover of almost €12 million in 2015.

The company is a leader in Italy in R&D, with products like spreading creams, burgers, seitan, tofu and tempeh based foods, “ragù” (bolognese sauce), soups and ready-made dishes, all entirely vegetable-based and organic.

© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Branislav Pekic. To subscribe to ESM: The European Supermarket Magazine, click here.

Stay Connected With Our Weekly Newsletter

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our Terms & Conditions and Privacy Policy
Enjoy unlimited digital access for 30 days
Get exclusive access to the latest grocery retail & FMCG news, interviews with industry leading executives, and expert analysis on the trends shaping the sector today
Enjoy unlimited digital access for 30 days
Enjoy unlimited digital access for 30 days
Get exclusive access to the latest grocery retail & FMCG news, interviews with industry leading executives, and expert analysis on the trends shaping the sector today
Enjoy unlimited digital access for 30 days