French Distribution Group takes over Luigi & Felice Castelli and invests in Castelli Food
Specialty Chemicals distributor Safic-Alcan S.A. (Puteaux (Paris), France) has announced today that the group has acquired 100% of the shares of Luigi & Felice Castelli S.p.A. [“LFC”] (Milano, Italy), a distributor of ingredients used in the Cosmetics Industry for an undisclosed sum. In a parallel transaction Safic-Alcan also took a majority share in Castelli Food S.p.A. [“CF”] (Milano, Italy), a distributor of specialty ingredients for the Food & Beverage Industry.
The origins of LFC date back to 1868. The company is recognised for its capabilities in the Life Science sector, particularly in Cosmetics. Representing a number of very reputable suppliers, it is run from an office in the center of Milan. The logistics facilities are located in the greater Milan area. Southern Italy is covered by sales staff located in Rome. The LFC team led by Aldo Ravanelli and Sergio Sala will remain in place and continue to serve the ca. 600 customers across the country. Chairman (Adminstratore Delegato) Dottore Alfredo Rocchi will retire following the closing of the transaction.
CF was set up in 2015. The company supplies a broad portfolio of products such as Yeast Extracts, Vegetable Preparations, different Fibers, Herbs & Spices, Milk Derivatives, Vegetal Extracts, special / tailor-made blends and a full range of other organic products.
Dr. Fabrizio Montana will continue to lead the team of CF and will also remain a shareholder, Safic-Alcan said in a statement.
No financial details were disclosed on the two transactions.
Source: Safic Alcan press releases
HGE / DCG – 28.03.2019