Nexture Acquires Italy’s Sipral Padana, Expanding Its Value-Added Food Ingredients Platform

• Held by an independently managed investment subsidiary of Investindustrial, Nexture is a global integrated group specialising in the development and manufacturing of high-quality food ingredients and value-added solutions.
• Sipral Padana, which is headquartered in Bagnolo Cremasco (Crema - Italy), employs over 130 people and generates annual revenues in excess of €80 million, selling its products to customers in more than 20 countries worldwide.
• The strategic transaction is intended to broaden Nexture’s portfolio in semi-finished value-added ingredients and to add capabilities in fat-based creams and fillings and nut-based ingredients.

Milan, December 22nd, 2025 – Nexture S.p.A. (“Nexture”), a global group specialising in the development and manufacturing of high-quality food ingredients and value-added solutions, and held by an independently managed investment subsidiary of Investindustrial VII L.P., has signed an agreement to acquire Sipral Padana S.r.l. (“Sipral”), an Italian group specializing in the production of value-added semi-finished ingredients for the food and beverage industry.

Gabriele Del Torchio, Chief Executive Officer of Nexture, explained: "By adding Sipral's expertise in value-added ingredients to our market presence worldwide, we are not only expanding our product portfolio but are also strengthening our ability to deliver exceptional value to customers across different channels. This strategic acquisition is a clear example of Nexture’s desire to contribute to the expansion and promotion of Italian know-how and high-quality ingredients worldwide."

Gianpietro Corbari, Chief Executive Officer of Sipral, commented: “We are very excited to join Nexture and its shareholder, Investindustrial. The transaction represents an extraordinary opportunity for Sipral to accelerate its growth trajectory internationally and expand its reach across Europe and beyond. The combination with Nexture will enable us to offer our customers an even more comprehensive range of high-quality, value-added ingredients.“

Following the acquisition of Frulact, which was signed just over a month ago, Nexture’s acquisition of Sipral marks another milestone in its ambitious buy-and-build strategy, which is designed with the operational support of Investindustrial’s Value-creation Advisory Team.

Since Investindustrial’s entry, when the company included only CSM Ingredients and generated €517 million in sales, Nexture has evolved into a global group in value-added ingredients, with estimated annual revenues of approximately €1.2 billion, pro-forma for the recently signed acquisitions of Frulact and Sipral.

After completion of the acquisitions of Frulact and Sipral, the group’s industrial footprint is expected to expand from 8 factories at entry to 29 factories worldwide, including 2 in North America, 4 in Africa, 1 in Asia, and the remaining 22 across 8 European countries. In parallel, the number of R&D centres is expected to increase from 8 of CSM Ingredients to 21, and the workforce will grow from 1,400 to over 2,800 employees.

Headquartered in Bagnolo Cremasco (Crema - Italy), Sipral employs over 130 people, operates 5 production facilities across Italy and develops a wide range of products, including fat-based creams and fillings, fats and oils, nut-based ingredients, artisanal gelato ingredients, bakery mixes and ready-to-use breakfast solutions. The company is expected to generate revenue in excess of €80 million for the year ending December 31, 2025, and sells its products in over 20 countries worldwide through a multi-channel approach with a diversified offering addressing a broad range of customer needs, leveraging highly-regarded brands including Marcagel, Effedue, Facci, Creami, Casa della Mandorla and Living Breakfast.

Completion of the transaction is subject to customary closing conditions, including regulatory approvals, and is currently expected to take place in the first half of 2026.

Mediobanca acted as financial adviser to Nexture, Investindustrial Capital Markets acted as adviser on the structuring of the financing aspects of the transaction, PedersoliGattai as M&A legal adviser, and Paul, Weiss as legal adviser on financing. Investindustrial Operational Improvement Advisory Team and McKinsey & Company acted as advisers on commercial and operational due diligence, PricewaterhouseCoopers on financial, tax, and IT due diligence, and Ramboll on Environmental, Health and Safety due diligence.

ABOUT NEXTURE

Nexture is the Italian holding company that brings together two global manufacturers in the food ingredients industry: the CSM Ingredients Group and the Italcanditi Group**,** both indirectly held by an independently managed investment company affiliated to Investindustrial.  Headquartered in Milan (Italy), Nexture is a global integrated group specializing in the development and manufacturing of high-quality food ingredients and value-added solutions. Nexture encompasses renowned brands such as CSM Ingredients, HIFOOD, Vitalfood by Italcanditi, Comprital, and Prodotti Rubicone, all internationally recognized for the excellence of their solutions and their ability to anticipate consumer trends. As of March 31, 2025, Nexture operated in over 120 countries, with 13 production plants, 10 innovation centres, and over 2,000 employees. As a result of a shared strategic vision, strong industrial roots, and a global identity, Nexture aims to position itself as a key partner for major stakeholders in the food industry, combining artisanal heritage, technological knowhow, sustainability-focus, and an extensive network to meet the challenges of an ever-evolving market. Any references to "Investindustrial" are intended as general and should not be construed as an indication of control by any specific company or individual. Investindustrial’s investment companies are each independently managed by their respective board of directors.

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