Creating synergies in the high-growth pinsa market

May 2023 — The private shareholders of La Spiga Food have sold a majority stake to Morato Pane.

La Spiga Food is involved in the production and distribution of pinsa, an ancient savory bakery product similar to pizza, to large-scale retail and horeca channels, primarily under its flagship brand “La Rusticana”, with a smaller portion sold as private label. La Spiga Food takes pride in its distinctive baking process, as it is the only operator that exclusively uses wood-fired ovens.

Established in 1970, Morato Pane is an Italian bakery group present in over 50 countries worldwide. Today, the group boasts a product mix capable of covering all segments, from conventional bakery items to gluten-free alternatives. These products are produced and distributed under its own historical brands and through private label, in collaboration with renowned Italian and European retailers, as well as industrial operators.

After the transaction, the founding members of La Spiga Food will retain a minority stake and assume roles on the company’s board of directors, collaborating in the implementation of the multi-year business plan.

Our role in the transaction

Oaklins’ team in Italy acted as the exclusive M&A advisor to the sellers in this transaction.