Private investment firm, Ardian, has acquired a majority stake in European ingredients and base-food product manufacturer, IRCA Group.

 

For the past 15 years, IRCA has been headed by Roberto and Renato Nobili, the two sons of company founder, Bruno Nobili. Roberto Nobili will retain a stake in the company and will continue in his role.

 

Founded in 1919, IRCA produces ingredients and base food products for the production of pastries, bakery and ice cream food items. The company’s unique portfolio of products, which ranges from bases, pastes, and covertures, to chocolate, powder mixes, creams and jams, includes over 700 references that have been developed through IRCA’s R&D initiatives and manufacturing experience.

 

Over the years the company has grown to have a presence in over 70 countries, and in 2014, IRCA had a turnover in excess of €200 million representing a 12% growth year on year. The company’s ice cream ingredient business, which supplies ingredients under the brand name Joy Gelato, has seen significant growth in revenues of 50%, generated both domestically in Italy and abroad.

 

“IRCA is an internationally recognized business with a strong position in the food sector, says Philippe Poletti, Member of the Executive Committee and Head of Mid Cap Buyout at Ardian. “This is thanks to its Made in Italy quality. With its consolidated position in the industry, strong research team and product innovation abilities, it has excellent growth potential in an increasingly demanding market.”

 

Ardian plans to support IRCA in its development through pursuing opportunities for growth through alternative lines, and working to meet its goals both domestically and on the international market.