Strategic Investment in Crosta & Mollica by Perwyn

DATE
January 2024

TRANSACTION TYPE

Strategic investment

VALUE
Not disclosed

SECTOR
Food & Beverage

Spayne Lindsay & Co is delighted to announce that it has advised Perwyn on their strategic investment in Crosta & Mollica, the modern and authentic Italian food brand. Founded in 2009 by James Orr, Crosta & Mollica is a B-Corp certified branded grocery business achieving exceptional growth through the contemporary reimagining of Italian classics across multiple categories. Authentically ‘Made in Italy’ using premium ingredients and regional recipes, the brand has established a devoted following amongst consumers and can be found in leading supermarkets in the UK and across Europe.

Perwyn will support the business as it continues apace with its international expansion whilst maintaining momentum in the UK through sustained product innovation, exceptional customer service and brand investment. James and the incumbent team will remain with the company and be joined on closing by David Milner, a highly experienced food executive who arrives as Chairman having held leadership positions at Tyrrells, Lily’s Kitchen and St Pierre.

Gurinder Sunner, a Partner at Perwyn commented: “Perwyn are extremely happy to be collaborating with Crosta & Mollica. Their growth and increasing presence across multiple countries is incredibly impressive and testament to the passion they have for developing top quality products befitting of a premium and relatable brand. The investment aligns perfectly with Perwyn’s food sector expertise and track record in successfully partnering with entrepreneur owned businesses.”