Monari Federzoni acquires Fattorie Giacobazzi. They are historical producers and giants of the market who create one of the largest production companies in the Balsamic sector.
Monari Federzoni Spa is a co-leader of the production of vinegar market. Recently, it has acquired Fattorie Giacobazzi, a company based in Nonantola and owned by Granarolo Spa. It was founded in 1988 by Giacobazzi family. It has been a great producer of Balsamic Vinegar of Modena PGI.
Thanks to this acquisition, a new production pole was born.
The numbers confirm it: 32 million Euros of total turnover, 84 employees, 18 million bottles corresponding to 11% of the total sales of Balsamic Vinegar of Modena PGI exported to 55 countries. They also produce Apple Vinegar, Wine Vinegar, Pear Vinegar, Balsamic Condiments and the Vinegardrink range (a new drink with Balsamic Vinegar of Modena).
They have 5500 barrels of Traditional Balsamic Vinegar of Modena.
We are talking about 25% of world sales of the aged product, big numbers for big giants.
Monari Federzoni acquires Fattorie Giacobazzi
Sabrina Federzoni, CEO and President of Monari Federzoni Spa, said that the two companies are synergistic with each from the point of view of production, sales channel and presence in various markets.
She also said that the acquisition underlines the company’s desire to enhance the Modenese territory thanks to a symbolic product: the Balsamic Vinegar of Modena. This product has dominated the main business of her family from more than a hundred years.
The two companies are two concrete and well-known entities that will maintain their respective specificities and skills, creating a system of excellence will allow the company to continue sharing the culture of Balsamic Vinegar of Modena and to grow in Italy and the world.
Giampiero Calzolari, President of the Granarolo Group, has spent words of satisfaction for this acquisition that allows maintaining the continuity of Italian ownership with a company focused on Balsamic Vinegar of Modena production.
We remind you of an important fact: in 2017 the Associated British Foods owner of Twinings brand acquired the Acetum market leader company bringing the ownership of the historic Modenese company to England.
The Black Gold market is alive.
We are sure that it will hold new surprises for us.
Greetings from Modena.