VIVALDI GROUP acquires Gamma Srl to strengthen its competitive position in the North-East of Italy

Veneto-based Gamma is a key regional player specialized in the distribution of ingredients and semi-finished products for the pastry, bakery, ice-cream and HoReCa sectors

Verona (VR), January 17^th, 2025 – Vivaldi Group (Vivaldi), the leading Italian distributor of ingredients, semi-finished products and machinery for bakery-pastry industry professionals, has acquired 100% of the shares of Gamma Srl, a key regional distributor headquartered in the province of Venice.

Gamma is a reference player in the distribution of ingredients and semi-finished products for the pastry, bakery, ice cream and HoReCa world. Its clientele is mainly concentrated in the Venice area and the neighboring municipalities of the province of Treviso.

This operation represents a new step in Vivaldi Group’s development, enabling it to further extend its territorial coverage in the North-East of Italy. The acquisition was supported by Vivaldi Group’s entrepreneur-investors, Gamma’s Management Team as well as Unigrains Italia, the financial sponsor of Vivaldi Group since its constitution in 2023. illimity Bank S.p.A. – a historic banking partner of Vivaldi Group – provided its support through the Corporate Banking Division – Structured Finance Team.

Initially constituted through the merger of 5 geographically complementary companies, Vivaldi Group’s ambitious external growth trajectory has enabled it to cover all territories in a broad manner through its different branches:

• Gambettola (FC), operating in the provinces of Bologna, Ferrara, Ravenna and Forlì-Cesena
• Maserada sul Piave (TV), operating in the provinces of Treviso, Belluno, Venice and Pordenone
• Dossobuono (VR), operating in the provinces of Verona and Brescia
• Salorno (BZ), operating in the provinces of Trento and Bolzano
• Cava Manara (PV), operating in the province of Pavia, Milan, Lodi and Piacenza

With the integration of Gamma, Vivaldi Group extends its territorial coverage to the Venice area, achieving pro-forma 2024 turnover of over 70 million euros, with more than 110 employees in the different locations and a sales force of more than 50 people in 22 provinces.

Roberto Gusmaroli, CEO of Vivaldi Group, declared: “The acquisition of Gamma represents a great opportunity for Vivaldi. The geographical expansion we are pursuing positions us as a regional leader, among the top players in the industry, and strengthens our development plans. We are excited to work with the entire Gamma team to develop a sustainable growth path together.”

Valter Turetta, co-CEO of Gamma, declared: “After identifying a trend towards consolidation in our industry, we evaluated several strategic options. A partnership with Vivaldi emerged as the most promising choice to achieve our goals of growth and competitiveness.”

Ennio Bottacin, co-CEO of Gamma, declared: “We are delighted to team up with an operator like Vivaldi, whom we respect and esteem in the market. This is a smart operation that will help consolidate Gamma's competitive position, also through commercial and logistical synergies.”

Francesco Orazi, CEO of Unigrains Italia, declared: “This acquisition confirms Vivaldi's ambition to become a market player, further strengthening the Group's commercial strength in the Veneto area.”