Foster Clark Products has successfully acquired Preziosi Food from a consortium that includes private equity firm Vertis SGR.
This acquisition signifies Foster Clark Products’ strategic entry into the Italian savory snacks market.
Based in Malta, Foster Clark Products is renowned for its diverse offerings, which include powdered beverages, desserts, and baking aids.
The financial specifics of the transaction, finalized on July 31, remain undisclosed.
Houlihan Lokey, which played an advisory role in this deal, stated that this transaction is integral to Foster Clark Products’ broader growth strategy focused on expanding its footprint across Europe.
Furthermore, the acquisition provides Foster Clark Products with a vital operational base in Italy, enhancing its capabilities in the savory snacks, confectionery, and sweet goods segments, according to Houlihan Lokey.
Founded in 1999 under the brand Mitica, Preziosi Food specializes in manufacturing both branded and private-label chips and savory snacks.
In a separate LinkedIn statement, Vertis SGR highlighted that Preziosi Food has “consolidated its leadership in the private-label sector and relaunched the historic Salati Preziosi brand.” Notably, in 2024, Preziosi Food achieved revenues exceeding €86 million (approximately $100 million).
Vertis SGR added, “The divestment has enabled investors from the private-equity funds of Vertis SGR and Hat SGR to obtain an attractive financial return.”
Moreover, they emphasized that Foster Clark Products will “ensure continuity” and promote “further international development” within the company.
Currently, Foster Clark Products maintains a presence in the Middle East, Africa, and select parts of Asia.
