Alantra advised Spanish Agrolimen on the acquisition of Italian Nova Foods
SECTORFood & Beverage
Madrid / Milan- Alantra Spanish and Italian teams advised Agrolimen on the acquisition of a 100% stake in Nova Foods, Italian premium pet food manufacturer owned by the Fancon Family.
Nova Foods is the leading company for natural pet food products for the specialist channel with its Trainer brand. In 2015, the Company achieved sales of c. €80m.
Agrolimen is a family-owned consumer goods group. Founded in Barcelona by Lluís Carulla in 1937, the Group is organized across three main segments: Pet Food (Affinity and Nature’s Variety), Human Food (GB Foods) and Other (restaurants and gourmet products). With this transaction Agrolimen strengths its presence in the Italian market and reinforces its position as 3th largest manufacturer in the European pet-food market.