Vitale (IMAP Italy) advised Apheon in the disposal of Dolciaria Acquaviva to Vandemoortele.

Founded in 1979, Acquaviva is a leading frozen bakery manufacturer in Italy. The Company has a widespread product portfolio of ~560 sweet and savoury references and is recognized as one of the most innovative players in the sector.

The Company operates through a state-of-the-art plant in Gricignano di Aversa (Caserta) with three high-speed production lines, characterized by cutting-edge systems. The third production line, in particular, is operational since early 2019 and has more than doubled the production capacity of butter and margarine based croissants. The Company serves more than 20k customers across Italy, mostly in the Ho.Re.Ca. segment, through a combination of third party distributors and 8 directly operated commercial platforms.

In the last years Dolciaria Acquaviva acquired Milano Pane, Dolce Milano and Unigel.

Vitale (IMAP Italy) acted as financial advisor to the seller, offering support in the structuring of the transaction, in the negotiation phases and in the coordination of due diligence activities.