Sale of Gelpat Tradition to Forno d’Asolo

DATE
December 2021

TRANSACTION TYPE

Corporate acquisition

VALUE
Undisclosed

SECTOR
Food & Beverage

Spayne Lindsay is delighted to announce that it has advised Gelpat Tradition (“Gelpat”) on its acquisition by Forno d’Asolo (“FDA”), the leading Italian manufacturer and distributor of frozen bakery products.

Gelpat is a French premium producer of frozen pastries specializing in chou-based desserts such as eclair, Paris-Brest and religieuse. It is recognized for the superior quality of its products and has recorded strong growth over the last few years.

This acquisition is FDA’s first step into the French market and continues the group’s international expansion strategy in Europe and the US.

Gelpat will strengthen its positions in the French market for chou-based pastries and abroad with the backing of FDA.