ROTTERDAM: Dutch food ingredients group Acomo N.V. has agreed to acquire Italian nuts and dried fruits business Manuzzi S.r.l. from private equity firm Hyle Capital Partners and other shareholders, the company said on Monday, marking its latest move to expand in Southern Europe.
The acquisition, for which no financial details were disclosed, will bolster Acomo’s Spices & Nuts segment and provide a “stepping stone” into Southern European markets, the Euronext Amsterdam-listed group said in a statement.
The deal aligns with Acomo’s strategy, outlined in April, to prioritise new investments in its Spices & Nuts division. Last year, the company expanded into the Nordic region with the purchase of Delinuts Nordics.
Manuzzi, based in Cesena, Italy, imports, packages and distributes a wide range of nuts, seeds, kernels, dried fruits and pulses to retail, wholesale, food industry and out-of-home customers. It operates its own brand and private-label lines.
“Aurelio Manuzzi and his team will undoubtedly drive further growth and expansion supported by Acomo and our nuts and dried fruits knowledge,” said Acomo CEO Allard Goldschmeding.
Manuzzi will continue to operate under its own brand and will collaborate closely with Acomo’s Delinuts Netherlands to explore new business opportunities, the company said.
Managers at Hyle Capital Partners, which invested in Manuzzi in 2021, said the timing was “ideal” for the transition and cited strong synergies between the companies.
The transaction is expected to close in the fourth quarter of 2025, subject to customary conditions.
NautaDutilh acted as legal and tax advisor to Acomo, with KPMG and Deloitte supporting on tax and financial due diligence. Vitale & Co. served as exclusive financial advisor to the sellers.