VIVALDI GROUP acquires STEBE Srl to strengthen its competitive position in Northern Italy

Stebe, a key regional player in Lombardy, specialized in the distribution of ingredients and semi-finished products for the bakery, pastry, ice-cream and HoReCa sectors

This transaction marks the 7^th external growth acquisition since the constitution of VIVALDI GROUP in 2023 as an Italian national leader

Verona (VR), March 28^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 business unit of Stebe, a key regional distributor headquartered in the province of Mantua.

Stebe is a reference player in the distribution of ingredients and semi-finished products intended for the pastry, bakery, ice cream and HoReCa world. Its clientele is mainly concentrated in the south of Lombardy, Veneto and Emila Romagna.

This operation represents a new step in Vivaldi Group’s development, enabling it to further extend its territorial coverage in the Northern Italy. The acquisition was supported by Vivaldi Group’s entrepreneur-investors, Stebe’s Management Team as well as Unigrains Italia, the financial sponsor of Vivaldi Group since its constitution in 2023.

Stebe’s entrepreneurs will contribute to the further expansion of the group by reinvesting part of the proceeds from the sale in Vivaldi Group.

The acquisition of Stebe follows the recent acquisition of 100% of Gamma Srl, with operational headquarters in Quarto d'Altino (VE), which will allow it to further develop its presence in the provinces of Venice and Treviso. Vivaldi Group in its current perimeter, it covers its reference customers in Northern Italy in a widespread manner thanks to its 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

-       Quarto D’Altino (VE), operating in the province of Venice and the neighboring municipalities of the province of Treviso

With the integration of Stebe, Vivaldi Group extends its territorial coverage to the provinces of Mantua, Reggio Emilia, Modena, Verona, Ferrara, Brescia, Cremona, Rovigo and Vicenza, achieving pro-forma turnover 2024 of about 80 million, with more than 130 employees in the different locations and a sales force of more than 60 people in 26 provinces.

Roberto Gusmaroli, CEO of Vivaldi Group, declared: “The acquisition of Stebe confirms the validity of the business plan underlying the creation of Vivaldi. The experience gained by the Stebe team, combined with our expertise, will create a winning combination.”

Stefano Banzi, co-CEO of Stebe, declared: “We have decided to enter into this partnership with Vivaldi, becoming part of a broader perimeter, to achieve our growth and competitiveness goals. I am confident that this operation will further strengthen the relationship with our customers.”

Paolo Bertolasi, co-CEO of Stebe, declared: “After being contacted by various players on the market, we decided to participate in the ongoing sector consolidation, through a partnership with Vivaldi. This opportunity will allow us to expand the range of products available, increase the level of service and pool the human resources we have.”

Francesco Orazi, CEO of Unigrains Italia, declared: “We are particularly proud to have brought together seven successful, complementary operators with strong development potential.”