Gastone s.r.l.
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Gastone s.r.l. - overview
Established
1965
Location
Ravenna, -, Italy
Primary Industry
Food
About
Gastone s. r. l. specializes in producing traditional Italian flatbreads, known as Piadina Romagnola IGP, offering a range of products including organic and vegan options to cater to diverse dietary needs.
Founded in 1965 in Ravenna, Italy, Gastone s. r. l. focuses on crafting Piadina Romagnola IGP.
In October 2019, the company was fully acquired by CRM S. p. a, a portfolio company of Aksìa Group. The founder's history and prior ventures are not disclosed.
Piadina Romagnola Gastone specializes in producing traditional Italian flatbreads known as Piadina Romagnola IGP, characterized by their soft texture and rich flavor. The company offers various products, including organic and vegan options, appealing to diverse dietary preferences. Their product range includes thin and soft piadine designed to complement various fillings, enhancing the taste of users’ preferred condiments. Gastone sources high-quality ingredients, incorporating spelt and Kamut® flour, known for their digestibility, along with extra virgin olive oil to minimize saturated fat content.
The company serves a range of customers, from individual consumers to retailers and restaurants, distributing its products in Italy and various international markets to meet the growing demand for traditional Italian cuisine. In 2023, Gastone s. r. l.
reported a revenue of USD 9. 73 mn and an EBITDA amounting to USD 2. 18 mn. The business model includes both direct-to-consumer sales and partnerships with retailers and wholesalers, with revenues generated from the sale of its flagship Piadina Romagnola IGP and related products.
The transactions typically occur through wholesale agreements with food service providers and retail outlets, facilitating widespread distribution of their piadine and other specialty items. Gastone s. r. l.
aims to expand its product line and is currently designing new offerings set to launch in the near future. The company plans to enter new markets, although specific regions have yet to be defined. The funding received from the acquisition in October 2019 will support these initiatives, focusing on increasing production capacity and enhancing market presence.
Current Investors
Casa della Piada CRM
Primary Industry
Food
Sub Industries
Snack Foods, Bakery Products
Website
www.piadinagastone.it
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Gastone s.r.l. - timeline of key events
Gastone s.r.l. - financials
| Fiscal Year Ended | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 1,615,324 | 1,639,324 | 2,010,878 | 2,422,687 | 2,177,191 | 2,255,103 | 2,238,864 | 2,369,812 | 2,922,595 | 3,501,567 | 5,457,566 | 5,867,851 | - | - | - |
| % Revenue Growth (YoY) | - | 1.5% | 22.7% | 20.5% | (10.1%) | 3.6% | (0.7%) | 5.8% | 23.3% | 19.8% | 55.9% | 7.5% | - | - | - |
| EBITDA (USD) | 218,335 | 184,384 | 314,611 | 278,289 | 221,208 | 140,682 | 282,426 | 123,788 | 231,513 | (235,714) | 368,792 | (144,934) | - | - | - |
| Operating Income (USD) | 109,126 | 82,913 | 234,631 | 201,528 | 127,814 | 47,052 | 159,940 | (53,804) | 44,126 | (455,298) | 132,686 | (399,049) | - | - | - |
| Operating Margin | 6.8% | 5.1% | 11.7% | 8.3% | 5.9% | 2.1% | 7.1% | (2.3%) | 1.5% | (13.0%) | 2.4% | (6.8%) | - | - | - |
| % EBITDA Margin | 13.5% | 11.2% | 15.6% | 11.5% | 10.2% | 6.2% | 12.6% | 5.2% | 7.9% | (6.7%) | 6.8% | (2.5%) | - | - | - |
| NET Income (USD) | 68,529 | 41,402 | 149,871 | 68,744 | 92,662 | 20,369 | 100,900 | (91,838) | 2,192 | (491,161) | 62,673 | (332,507) | - | - | - |
| % Net Margin | 4.2% | 2.5% | 7.5% | 2.8% | 4.3% | 0.9% | 4.5% | (3.9%) | 0.1% | (14.0%) | 1.1% | (5.7%) | - | - | - |
Gastone s.r.l. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Gastone s.r.l. | - |
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Gastone s.r.l. - employee data
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