Optima acquired the cake decoration company Modecor Italiana

Fineurop Soditic acted as exclusive financial adviser to Optima, a leading manufacturer of ingredients for artisanal ice cream active worldwide with the MEC3 brand and controlled by Charterhouse Capital Partners since November 2016, in the acquisition of Modecor Italiana.

Established near Varese in 1960, Modecor is a European leader in cake decorations and operates in 70 countries worldwide. The Group has a workforce of 150 employees and counts around 2,000 pastry decoration items on catalogue and posted 2016 revenues of over €50 million.

The transaction will strengthen two champions of “made in Italy” products, highly complementary and synergistic players, creating new growth opportunities on international scale. Both companies will remain independent and separated, each focusing on its specific sector: MEC3 on icecreams ingredients and Modecor on pastry. The deal allows Modecor to widen its distribution network and reach uncharted areas taking advantage of MEC3’s international wholesale and distribution network and its consolidated global presence. The acquisition also implies the sharing of both strategic production and training know-how within their respective business sectors.

 

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