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Zamaz subsidiary Bella Dispensa buys Italian dairy products firm for €1mln 

Published: 07:54 13 Feb 2023 GMT

Zamaz PLC -

Zamaz PLC (LSE:ZAMZ) said its wholly owned subsidiary Bella Dispensa has acquired Italian dairy products maker Dallatte Italia srl for €1mln in a deal that will boost the group's growing portfolio of premium Italian e-commerce food brands. 

Piedmont-based Dallatte’s products include ice cream and pastries, milk, butter and cooking cream, fresh and dry pastries and frozen filled pasta, Zamaz said in a statement. The company has distribution outlets across Europe.     

Dallatte was founded in 2019 by a group of investors led by the Baravalle family, who have "significant experience in food brand development and distribution across Europe and internationally", Zamaz noted. 

It started trading in 2022, achieving sales of over €1.3mln and break-even profit in its first year from offline sales. It expects positive growth in sales and positive operating margin in 2023 as it diversifies into online sales and expands its offline partnerships.  

Net assets exceeded €1.5mln at end-2022. 

"Dallatte is a fast growing company in a growth sector of the e-commerce premium foods industry. Its name was inspired by Dario Osella, who, with Luca Baravalle, the founder and head of brand development, are together well known in the Italian food sector, in particular in Piemonte, helping it to achieve its ‘Italian Excellence’ status internationally,” commented Daniele Besnati, CEO of Zamaz and Bella Dispensa. 

"We expect the acquisition to help Bella Dispensa grow average spend per customer and improve margins as we provide an ever-increasing and compelling product choice to our customers seeking premium food products. At the same time, this acquisition helps us to expand our customer base." 

Zamaz chairman Martin Groak added: "Bella Dispensa has a key role to play in achieving Zamaz' long-term, international growth ambitions. The Italian e-commerce industry is rapidly expanding and innovating, and the Italian food theme is attractive to a wide and global audience. The acquisition of Dallatte delivers another boost to group revenue and is a tangible demonstration of Zamaz' portfolio strategy in action; aligning with growing markets and consumer categories whilst maintaining premium quality." 

 

Zamaz "buy and build" strategy to continue

Zamaz PLC (LSE:ZAMZ) co-founder Dominic White speaks to Proactive after releasing a trading update for its for its wholly owned luxury food subsidiary, Bella Dispensa. White discusses the company's "buy and build" strategy and the three acquisitions made since listing on the LSE main market...

on 31/3/23