2000–2010: the acquisition campaign continues
In 2000, Granarolo completed further acquisitions: Centrale del Latte di Milano, Vogliazzi Specialità Gastronomiche of Vercelli, Centrale del Latte di Viterbo "Alto Lazio", half the capital in Centrale del Latte di Calabria S.p.A. and Latte Bianchi in Mogliano Veneto (Treviso).
Also, in 2004 it acquired the Yomo Group to save it from bankruptcy, [1] and with it came the Yomo, Torre in Pietra (excluding milk), Mandriot, Pettinicchio and Merlo brands, and the factories in Pasturago (Yomo), Sermoneta (Pettinicchio) and Acqui Terme (Merlo). The ex Yomo Group also included the CSL - Centro Sperimentale del Latte [Milk Experimentation Centre], tasked with producing probiotics for alimentary and pharmaceutical use (sold to the Sacco Group in 2013). During 2006 the historical Centrale del Latte factory in Milan closed, because it was not included in the acquisition. Its production was transferred to what was previously the Yomo plant in Pasturago.
In 2008, the Group was reorganised, which lead to the closure of the subsidiary Agriok S.p.A. (which operated in the chain traceability sector), and the gastronomic branch of the company (Vogliazzi) was sold off, as was the Sermoneta cheese factory (whereas the Pettinicchio brand was retained), and the plant in Acqui Terme (selling the Merlo brand). In 2010 the Group set up Zeroquattro S.r.l., an integrated logistics services Company with a specific, albeit not exclusive, vocation for transporting and distributing fresh food products, via a refrigerated chain at 0 °C to 4 °C. On the social commitment front, Granarolo was one of the promoters, along with CEFA Onlus, of the Africa Milk Project, an international self-development cooperation project, set up to create a milk sector in Njombe, one of the poorest parts of Tanzania.
2011–2014: from internationalisation to the first billion
In 2011, Granarolo unveiled its strategic internationalisation plan, based on four main pillars: dimensional growth, and diversification of products, markets, and countries. In line with this foreign development, Granarolo Iberica S.L. was set up for distributing food products in Spain, and the Italian Lat Bri cheese factories were acquired, the third largest fresh cheeses manufacturer in Italy, as well as Ferruccio Podda, a Sardinian Company with a 60-year history, which marked the addition of aged cheeses to the Group's range. Granarolo International S.r.l. was set up and its first operation was in France with the acquisition of the French cheese group, CIPF Codipal (now Granarolo France S.A.S.) that produces and distributes fresh and aged cheeses under the Casa Azzurra, Les Fromagers de Ste Colombe and Les Fromagers de St Omer brands, with two productive facilities. Subsequent operations abroad saw the opening of Granarolo UK, a cheese exporting company in the United Kingdom and Ireland, as well as of the first commercial branch in Shanghai, China. A partnership was also formed with the Vivartia Group, which includes the largest Greek manufacturer of dairy and cheese products, Delta Foods S.A., and that distributes Greek yoghurt and cheeses in Italy. Meanwhile, in Italy a partnership was sealed with Amalattea S.p.A., which manufactures and markets goat's cheese and derivatives, the Pinzani cheese factory in Tuscany was acquired, which specialises in making pecorino "a latte crudo" (made from raw milk), and the Centrale del Gusto S.r.l. was inaugurated, a confectioners, ice cream parlour and coffee shop in Bologna, in collaboration with Gino Fabbri, President of the Accademia Maestri Pasticceri Italiani [Academy of Italian Master Confectioners]. CSR's activities gave rise to Allattami, a Bank for Donated Mothers' Milk in Bologna. This project collects mothers' milk in collaboration with the Sant'Orsola Polyclinic of Bologna. The 2014 financial year closed with turnover of more than a billion Euro.
2015–present: Expo and new acquisitions
At Expo Milano 2015, Granarolo represented the Italian milk sector as a partner of the Italian Pavilion. [2] It recorded more than 510,000 visitors from more than 30 countries, and Africa Milk Project was chosen as the best of 800 projects worldwide, for Best Practice in the "Sustainable development of small rural communities in marginal areas" category.
Various acquisition operations are part of the product diversification strategy, aimed at enhancing the Group's presence on international markets: Gennari S.p.A., a company in Parma that specialises in making Parmigiano Reggiano and Prosciutto di Parma, the long-standing Pastificio Granarolo, that makes and markets egg and semolina pasta, and CONBIO, an important Italian company that specialises in making vegetable and organic gastronomic products. Abroad, via the subsidiary, Granarolo International S.r.l., Granarolo Chile was set up, and Bioleche Lacteos was acquired, a long-standing Chilean cooperative of 300 dairy farmers, with a productive facility, and numerous other acquisitions were concluded: European Foods Ltd, the leading importer and distributor of Made in Italy products in New Zealand, Yema Distribuidora de Alimentos Ltda, a company that specialises in producing and marketing cheese products in Brazil, with two productive facilities, and Vinaio OÜ, renamed Granarolo Baltics OÜ, a company that operates in the cheese and dairy products marketing sector and in importing quality Italian products into Estonia. Then there was, Matric Italgross AB, a leading Swedish company that distributes Italian brands, Comarsa SA, a Made in Italy Food distribution company in Switzerland, Allfood Importação, Indùstria e Comércio SA Brazil, the leading importer and distributor of European products in Brazil, and 50% of Quality Brands International Greece, a leading Greek distributor.
In 2017, Granarolo's sixtieth anniversary, the company recorded a turnover of 1.27 billion euro, representing an increase of 7.8%. EBITDA fell by 13% to 70.1 million, while profits also decreased from 22.6 million in 2016 to 10.1 million in 2017. In terms of percentage, revenues from exports grew from 17% to 20%, revenues from Italy fell from 77% to 72% while revenues from Extra EU countries rose from 6% to 8%.
In February 2018, the company acquired Midland Food Group, with central offices in London and two distribution centres in Basingstoke and Birmingham, with production facilities in the latter. [3] The company was founded forty years ago by Peter Shirley, records revenues of 70 million euro and employs 224 employees. Granarolo now has two hubs in Europe, one in France (the company's second market after Italy with revenues of over 150 million) and one in the United Kingdom, which is expected to become the third market of the company.
In April 2019 in Friuli, a controlling interest was acquired in Venchiaredo, a stracchino cheese production specialist with 80 employees and turnover of almost EUR 27 million. This made Granarolo one of the largest Italian producers of stracchino. [4] In October 2021, Granarolo acquired 100% of Calabro Cheese Corp. [5] In May 2022, Granarolo acquired majority stake in White & Seeds, a wellness startup. [6]
In July 2022, Granarolo acquired a 60% stake in Industria Latticini G. Cuomo, a cheese production company. [7]
On the subject of sustainability, in 2022, Standard Ethics Aei assigned a sustainability rating of 'E+' on a scale of F to EEE in the SE Food&Beverage Sustainability Italian Benchmark. [8]
