Italian merger creates third biggest European tomato group
The two shareholders' meetings have given the go-ahead for the creation of a group that will, in terms of production capacity, become the 15th largest in the world, just behind the main sauce producers from the USA, China and Spain.
According to farmers' association Coldiretti Lombardy, the business plan foresees the achievement of significant operational synergies, particularly in the coordination of general services, logistics and commercial organization, with resulting benefits in terms of profitability, and greater flexibility to meet, in a swift way, customer needs.
Source:esmmagazine.com