Italy's IRCA S.p.A. has announced the acquisition of In2Food, a leading US-based distributor of premium ingredients brands primarily for the pastry market.
Based in Duluth (Georgia), In2Food operates multiple commercial offices and a distribution centre serving over 100 customers across a range of professional food channels (retail, artisanal and HoReCa).
The deal will boost Irca’s presence in the US and reinforces the company’s worldwide distribution network. Irca estimates that sales generated by the group in the US market will exceed $35 million (€29.8 million).
In2Food will be integrated into Dobla USA, Irca's local subsidiary and Mike Clever, In2Food’s founder and CEO, will become Irca Group’s new Managing Director Business Unit America.
Commenting on the deal, Irca Group CEO, Paolo Perego, said the acquisition will boost the company’s presence in the US market, “where there is huge potential for growth driven by strong demand for artisanal Italian products”.
Irca is a leading Italian company in the production of chocolate and semi-finished goods for the pastry, bakery, ice-cream, and HoReCa markets.
Irca has over 2,000 product references and supplies Italy’s major food and confectionery groups. In 2013, it expanded into the ice-cream industry with the Joygelato brand, capturing a significant share of the market in Italy and overseas in record time.
The company operates three production plants in Italy and three in different parts of the world (Belgium, USA and Vietnam), while its sales network consists of 300 distributors operating in over 80 countries.
Founded by the Nobili family, Irca was acquired by the Carlyle Group in 2017.
© 2021 European Supermarket Magazine – your source for the latest retail news. Article by Branislav Pekic. Click subscribe to sign up to ESM: The European Supermarket Magazine