The two Italian coffee roasters will collaborate to expand production and strengthen their presence in the competitive European market
Pictured left to right: Davide Padelli, CEO of Gruppo Gimoka; Fabrizio Capua, President and CEO of Caffè Mauro; and Ivan Padelli, President of Gruppo Gimoka | Photo credit: Gruppo Gimoka
Italian roaster Gruppo Gimoka has signed an agreement with Caffè Mauro that will see the Calabrian roaster join its portfolio of brands and enable both businesses to enter a new phase of 'consolidation and growth'.
In a press statement the companies outlined the benefits of the agreement for each, with Gruppo Gimoka gaining another premium Italian roaster to its portfolio of brands and Caffè Mauro better positioned to consolidate its presence in its target markets.
The entry of Caffè Mauro into Gimoka Group, through Holding Capua Investments, will see Fabrizio Capua, Chairman of the Board of Directors of Caffè Mauro, join the Board of Directors of the Gimoka Group.
“This agreement is part of the wider strategy of the Group which aims to reach the final consumer with a view to expanding the production chain. Our skills and dimension, combined with Caffè Mauro valuable experience, can bring added value and support the sector’s recovery, consolidating and expanding our positioning," said Ivan Padelli, President of Gruppo Gimoka.
“I am particularly proud of the agreement announced today because it establishes the first real aggregation between two Italian coffee specialists as well as entrepreneurial families who share the same values, the same passion for the sector and the same entrepreneurial vision of the future," said Fabrizio Capua, President and CEO of Caffè Mauro.
The Gimoka Group owns four factories, reports a turnover of €120m ($127m) and, since 2017, has invested €50m ($53m) in expanding its production capacity. The company currently exports to over 50 countries and also owns the Gran Caffè Garibaldi, St Remio, Galleria CaffèSi, Pure Evasioni, Caffè Tre Venezie and Caffè Bonini brands.
The announcement is the latest acquisition in the competitive Italian coffee market, which is home to global coffee giants such as Lavazza and illy.
In June 2021, Coca-Cola
bolstered its presence in the European retail coffee market by acquiring a 30% minority stake in premium Italian retail coffee company Casa Del Caffè Vergnano.
The following November 2021, Germany-based Melitta Group
took a 70% stake in Arezzo-based Corsino Corsini, with fellow German coffee roaster and café giant Tchibo
acquiring Modena-based Caffè Molinari for an undisclosed sum in January 2022.