BiotoBio has merged with La Finestra sul Cielo
BiotoBio has merged with its domestic competitor La Finestra sul Cielo S.p.a.
BiotoBio is the leading Italian distributor of healthy food, serving 1,000 specialty shops throughout the country. It has a turnover of US$60 million. BiotoBio is part of EcorNaturaSì, a company founded in January 2009 from the merger between Ecor, the first wholesale distributor of organic and biodynamic products, and the main Italian chain of supermarkets specialized in the retail distribution of such products.
La Finestra sul Cielo has been active in the organic food sector since 1978, selling its products in Italy and abroad and focusing in particular on food intolerances, macrobiotics and vegan foods. The company has a turnover of US$38 million.
Oaklins’ team in Italy advised BiotoBio’s minority shareholders on their merger with La Finestra sul Cielo. The team had previously advised the EcorNaturasì group on another transaction.
Our healthy food specialist said: “We are happy to have advised the minority shareholders of the company on another transformational deal in the healthy food sector in Italy. This transaction shows that the dynamics of the industry have not been impacted by COVID-19, and we expect many other companies to join forces with domestic or international groups in order to provide a wider offering to consumers in different geographic areas.”
President and Shareholder, BiotoBio
Talk to the deal team
Davide Eugenio Milano
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