RENEWAL - Ulusoy Un Acquires Shares in an Italian Company
Foreks - Ulusoy Un (IS:ULUUN) has acquired 85% of the shares of Pastificio Mediterranea S.r.l., a company that has been producing high-quality Italian pasta in the Silvano d'Orba region of Italy for over 100 years, from the Spanish Cerealto group, in line with its expansion strategy in high value-added sectors. As Turkey's largest flour producer, Ulusoy Un continues to take significant steps on its growth journey. The founding Moccagatta family will remain involved in the company and will continue to pass on their expertise. Founded in 1908, Pastificio Mediterranea began pasta production in the hills, 30 km away from Genoa and the Mediterranean, using traditional Italian pasta-making techniques. By 1936, hand production was replaced by the region's first automatic pressing systems. In the 1950s and 1960s, the company's product portfolio was introduced to international markets with the iconic Moccagatta suitcase. In 2003, to meet increasing demand, a modern facility was established in Silvano d'Orba, replacing the plant in Ovada. Pastificio Mediterranea offers high-quality Italian pasta, produced in over fifty different sizes and shapes, under various brands, primarily including “Moccagatta dal 1908,” to markets across different geographies. It also engages in private label production. Pasta, which can be consumed in various forms in every culture, is considered one of the world's most important foods due to its long shelf life, high nutritional value, and the ability to be served with sauces suitable for various tastes. Italian pasta is not only one of Italy's iconic foods but also holds the highest share in global export and consumption in the premium segment, which is produced from 100% durum wheat.
Strong Entry into the Pasta Sector Ulusoy Un's Chairman of the Board, Dr. Eren Günhan Ulusoy, commented on the acquisition, saying, “The expertise that Pastificio has built over more than 100 years impressed us. We believe our new strategic investment in high-quality and high-value pasta production will strengthen Ulusoy Un’s growth steps and accelerate our new investments and future successes. By leveraging our group’s raw material supply capabilities and extensive customer network across different geographies, we will contribute to Pastificio’s growth and further expand its geographical reach.” Ulusoy Un CEO Zahit Çetin added, “This investment will be one of the cornerstones of our sustainable growth strategy. We take pride in starting in the pasta sector's top league. With the knowledge provided by the facility in Italy and the specialized team, we will continue to strengthen our presence in various areas of the food sector. We have acquired a company with a deep brand heritage. We believe that we will create strong synergies in sectors using wheat, humanity's basic food source, as raw material through our vertical growth strategy.”
“We Are Confident We Will Elevate Our Company Together” Regarding the acquisition, Pastificio Mediterranea General Manager Marco Ferraroni expressed, “We are excited to continue our journey with a significant group that shares our company’s values and goals. We are confident that together we will elevate our company to a higher level.” Cerealto CEO Bosco Fonts highlighted, “We are confident that Pastificio will have vast development opportunities by leveraging Ulusoy Un’s vision, experience, and worldwide extensive business network and customer base. I would like to thank the Pastificio team for their outstanding results over the past few years, their hard work, and dedication, and wish them great success in the new future with Ulusoy Un.”