Acetum Spa

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Acetum Spa - overview

Established

1906

Location

-, -, Italy

Primary Industry

Food

About

Acetum S. p. A. is a leading Italian company specializing in the production and aging of high-quality vinegars, particularly Balsamic Vinegar of Modena PGI, serving global markets with a diverse range of culinary products.


Acetum Spa, founded in 1906, focuses on the production of premium vinegars. The company experienced a significant transaction when it was acquired by Associated British Foods plc in November 2017. Acetum operates from Modena, Italy, where it possesses multiple facilities dedicated to vinegar production. The founder's historical involvement in the industry led to the establishment of a strong foundation for Acetum's ongoing operations.


The company has successfully raised EUR 150. 00 mn through a BUYOUT funding round in 2017, demonstrating investor interest in its business model. Acetum S. p.


A. is renowned for producing and aging vinegars, with a focus on Balsamic Vinegar of Modena PGI. The company has four facilities in Modena, Italy, offering a diverse range of products such as traditional balsamic vinegar, specialty vinegars, and flavored variations. These products cater primarily to retailers, food service providers, and industrial clients, enhancing culinary experiences and meeting consumer demands for quality ingredients.


Acetum has been exporting its high-quality vinegar solutions for over 30 years, reaching clients across North America, Europe, and parts of Asia. In 2023, Acetum generated revenue of EUR 127,530,751. 50, with an EBITDA of EUR 29,325,017. 20.


The company's revenue primarily comes from B2B transactions with retailers, wholesalers, and food service providers, focusing on both branded and private label products. Acetum collaborates closely with its clients to create tailored packaging and product offerings, ensuring a flexible approach to market needs. Its flagship products, including Balsamic Glaze and various flavored vinegars, are central to its sales strategy, supporting strong industry relationships. Acetum aims to leverage its recent developments to introduce new products and expand into untapped markets.


Although specific upcoming products and release dates have not been outlined, the company plans to enhance its product offerings strategically. The funding raised during the BUYOUT will likely support these initiatives, focusing on innovation and market expansion. Acetum is set to explore new geographic regions, further strengthening its global presence and distribution capabilities in the coming years.


Primary Industry

Food

Sub Industries

Alcoholic Beverages, Other Food Products

Website

www.acetum.it

Verticals

Manufacturing

Company Stage

Acquired

Total Amount Raised

Subscriber access only

Acetum Spa - financials

Fiscal Year EndedDec 31, 2014Dec 31, 2015Dec 31, 2016Dec 31, 2017Aug 31, 2018Aug 31, 2019Aug 31, 2020Aug 31, 2021Aug 31, 2022Aug 31, 2023Aug 31, 2024
Revenue (USD)-48,848,10287,863,64789,163,64562,167,10792,738,326111,502,870109,433,733---
% Revenue Growth (YoY)--79.9%1.5%--20.2%(1.9%)---
EBITDA (USD)(9,659)11,231,70224,032,41419,281,7519,905,16926,377,61229,297,20628,095,491---
Operating Income (USD)(10,380)3,370,48211,116,0481,347,5681,481,90713,548,81216,452,37416,002,715---
Operating Margin-6.9%12.7%1.5%2.4%14.6%14.8%14.6%---
% EBITDA Margin-23.0%27.4%21.6%15.9%28.4%26.3%25.7%---
NET Income (USD)(10,380)(4,173,344)441,34946,360(1,919,252)10,637,5107,962,4999,113,023---
% Net Margin-(8.5%)0.5%0.1%(3.1%)11.5%7.1%8.3%---

Acetum Spa - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Trade SaleCompletedAcetum Spa-
BuyoutCompletedAcetum Spa-

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