Italian cured meat business Trinità acquired by local investor

Italian investment firm Fondo Italiano d’Investimento has acquired a majority stake in local cured meat manufacturer Trinità Spa Industria Salumi through its subsidiary Fondo Italiano Agri&Food (FIAF).

The business said the transaction is aimed at supporting the founders in the company’s development process, to consolidate Trinità’s position in the Italian foodservice market and increase its focus on foreign markets. Financial details of the deal were not disclosed. The transaction is expected to close by August.

Fondo Italiano added that it plans to streamline the meat business’s internal processes.

Trinità, founded in 1982, has grown through making seven acquisitions in its domestic market. Trinità serves the foodservice channel in Italy through its brands and its private-label offering. It has five production sites in the Veneto, Lombardy and Marche regions of the country. In 2023 its revenues grew by more than 30% to approximately €70m ($75.8m).

In March, Fondo Italiano acquired a majority stake in pasta maker Pasta Berruto. And last week it joined forces with nother local investor, Wise Equity, to buy bakery products manufacturer Casa della Piada.

Just Food