Italcanditi S.p.A.
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Italcanditi S.p.A. - overview
Established
1963
Location
-, -, Italy
Primary Industry
Food
About
Based in Italy, Italcanditi S. p. A. specializes in producing high-quality fruit-based ingredients for the food industry, serving sectors such as confectionery, dairy, ice cream, and pastry with exceptional product offerings.
Italcanditi S. p. A. , founded in 1963, focuses on producing fruit-based ingredients.
The company underwent a significant change in ownership when Investindustrial acquired a 70% majority stake in January 2019 for EUR 280 million. Italcanditi is headquartered in Italy, with a global presence through its client base across over 50 countries. Ernesto Di Pietro serves as the CEO of the company. Italcanditi specializes in high-quality fruit-based ingredients tailored for the confectionery, dairy, ice cream, and pastry industries.
The company produces a variety of products, including fruit preparations, yogurt bases, gelato mixes, candied fruit, and gourmet creams, ensuring they meet the strict quality standards of their clients, which include industrial bakeries, yogurt producers, and pastry chefs. In the most recent year, 2023, Italcanditi generated revenue of EUR 145,055,268. 30 and an EBITDA of EUR 31,144,027. 90.
The company’s revenue structure relies on B2B transactions, with clients placing bulk orders based on production needs, ensuring a steady supply of high-quality, artisanal ingredients. Following the acquisition in January 2019, Italcanditi plans to leverage recent funding to enhance product development and expand its market reach. The company aims to launch new product lines, although specific upcoming releases have not been detailed. Plans are underway to penetrate new markets, with a focus on extending its presence in existing territories and exploring opportunities in untapped regions by 2024.
The funding from Investindustrial will support these initiatives and assist in scaling operations to meet growing demand.
Current Investors
Investindustrial
Primary Industry
Food
Sub Industries
Dairy Products, Canned/Frozen Fruit & Vegetables
Website
www.italcanditi.it
Verticals
Manufacturing
Company Stage
Mature - Buyout
Total Amount Raised
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Italcanditi S.p.A. - timeline of key events
Italcanditi S.p.A. - 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) | 87,248,864 | 89,782,696 | 96,488,160 | 100,332,233 | 100,830,735 | 103,421,264 | 107,110,833 | 105,712,676 | 104,261,359 | 107,835,725 | 97,290,879 | 104,919,015 | - | - | - |
| % Revenue Growth (YoY) | - | 2.9% | 7.5% | 4.0% | 0.5% | 2.6% | 3.6% | (1.3%) | (1.4%) | 3.4% | (9.8%) | 7.8% | - | - | - |
| EBITDA (USD) | 9,928,854 | 8,652,381 | 8,827,023 | 12,017,312 | 16,648,269 | 17,851,517 | 19,713,290 | 20,148,427 | 20,411,660 | 21,303,365 | 20,646,003 | 22,530,266 | - | - | - |
| Operating Income (USD) | 6,461,983 | 4,831,940 | 5,070,174 | 8,483,239 | 13,035,856 | 14,348,716 | 16,628,071 | 17,042,902 | 17,476,529 | 10,569,076 | 8,842,938 | 11,056,398 | - | - | - |
| Operating Margin | 7.4% | 5.4% | 5.3% | 8.5% | 12.9% | 13.9% | 15.5% | 16.1% | 16.8% | 9.8% | 9.1% | 10.5% | - | - | - |
| % EBITDA Margin | 11.4% | 9.6% | 9.1% | 12.0% | 16.5% | 17.3% | 18.4% | 19.1% | 19.6% | 19.8% | 21.2% | 21.5% | - | - | - |
| NET Income (USD) | 4,256,534 | 2,534,467 | 2,786,778 | 4,385,326 | 8,459,709 | 9,663,457 | 11,299,192 | 12,125,993 | 11,540,924 | 2,245,404 | 3,626,233 | 3,085,506 | - | - | - |
| % Net Margin | 4.9% | 2.8% | 2.9% | 4.4% | 8.4% | 9.3% | 10.5% | 11.5% | 11.1% | 2.1% | 3.7% | 2.9% | - | - | - |
Italcanditi S.p.A. - 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 | Prodotti Rubicone SRL | - | ||||||||
| Buyout | Completed | Italcanditi S.p.A. | - |
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Italcanditi S.p.A. - employee data
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