In a recent announcement, La Doria, which produces a variety of Italian shelf-stable goods, indicated that this acquisition would “strengthen” its foothold in the tomato segment and provide access to a “diversified and high-profile industrial customer base”.
Solana is noted for its expertise in tomato processing, which constitutes approximately 90% of its revenue, according to La Doria.
For the fiscal year ending June 2025, Solana reported revenues nearing €90 million (around US$102.5 million). A significant portion of Solana’s sales—70%—is directed to manufacturers, while the remaining 30% goes to foodservice operators. The company operates three production facilities in Italy and employs 46 individuals.
In contrast, La Doria reported revenues of €1.38 billion for 2025, with about 90% of its sales generated through private-label agreements with retailers.
Antonio Ferraioli, chairman and CEO of La Doria, characterized this acquisition as a “strategic step in the group’s growth path in synergistic and key sectors”.
He elaborated: “The acquisition of the Solana group will enable us to strengthen our production capability in tomato-based products for the industrial and foodservice channels, through the addition of an operator recognized for its premium positioning. At the same time, it will allow us to further enhance the group’s geographic diversification across Italy.”
La Doria is part of the Windoria business, formed last year by private equity group Investindustrial, and is purchasing Solana from funds managed by Xenon Private Equity. The financial terms surrounding this transaction remain undisclosed.
Franco Prestigiacomo, co-CEO at Xenon, remarked: “La Doria represents the ideal partner to support Solana in its next phase of development, thanks to strategic complementarity and the strength of its industrial project.”
Last September, Investindustrial merged its wholly-owned US private-label producer, Winland Foods, with La Doria. The private equity firm had previously held a majority stake in La Doria.