Another one historic Italian company yields to foreign investment. Ithe Chicken group, arrived at sixth generation after 150 years of history, now wants to step on the gasexpansion into international markets already underway through the partnership with the Americans of Platinum Equity which will detect a majority stake of the group. It is above all from abroad which comes the80% of its turnover, doubled in the last 5 years.
Chickens, what does the operation involve?
The operation sees the reinvestment of the Polli family, of the CEO Marco Fraccaroli and potentially of a part of the management, "who will maintain a significant minority share qualified and strategic with the exclusive management of the company, ensuring continuity to a corporate business that has allowed the Polli Group to conquer the leading role in its market, confirmed by the growth path" says a note from the company that has seen "double turnover in the last five years, reaching over 190 million in 2023, thanks above all to the development in international markets, having a 80% export share"He adds.
Chickens, what is the Platinum Fund?
Platinum Equity, a global investment fund with approximately $48 billion in assets under management, will support Polli and management in a major strategic development plan, which foresees solid organic growth, but also through external lines, as well as the strengthening of the company's geographical presence in Europe and the United States and the development of its brands, maintaining a strong focus on sustainability aspects, the note says. "The goal is to further expand the product lines, providing the Group with new technological capabilities with significant investments, which allow the creation of a global reference platform in Made in Italy food".
Founded in 1872 thanks to the entrepreneurial spirit of Fausto Polli, it has become a leading company in the vegetable preserves sector on the national and international market with a presence in 55 countries around the world. In four cutting-edge plants, more than 130 raw materials are processed every year, with a production of approximately 29 thousand tons of vegetables and more than 190 million packages. F.lli Polli has been deemed suitable to be part of the register of "Historic brands of national interest", the prestigious recognition, established by the Ministry of Economic Development, aimed at protecting Italian excellence and promoting Made in Italy, innovation and sustainability.
“Thanks to this operation we are writing another important page in the history of Polli, characterized by constant growth in terms of results and plots by the entire market” commented Manuela Polli, managing director. “We are excited to continue our ambitious journey with Platinum, an important partner with whom we share values and objectives. We are certain that together we will bring the group to a new dimension of global leadership”.
