ITALY – Italian dairy company Granarolo has sold its Pandea baked goods unit to local bread maker Morato Pane, in an effort to refocus on the Italian dairy market. Pandea, which has operated in Parma since 1946, was acquired by Granarolo through a bankruptcy auction in 2016. It specialises in the production and sale of baked goods and gluten-free products. The unit recorded turnover of €12m in 2019, of which over €10m came from exports, specifically in France and the UK. “This operation is part of the new business plan,…
Read MoreGranalo divests its Pandea baked goods unit to focus on dairy market
