The Italian dairy group Granarolo has recently acquired a 66 per cent stake of Fattorie Giacobazzi, an Italian company specialising in the production of traditional Balsamic Vinegar of Modena as well as a range of gastronomic glazes and toppings. Fattorie Giacobazzi produces six million bottles of balasamic vinegar per year.
The company was founded in 1988 by the Giacobazzi family, who, following the aforementioned acquisition, will retain the remaining 34 per cent stake of the company. Giacobazzi is the fifth largest player in the Italian Balsamic Vinegar of Modena
IGP market. In 2015 the company posted sales of more than €15 m of which 90 per cent came from exports (mainly the UK, USA and Northern Europe).
‘The partnership with Fattorie Giacobazzi says the president of Granarolo, Gianpiero Calzolari is part of a wider business diversification plan which aims to build a solid international customer base for Italian, high quality, food products”.
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