Bassini 1963 - Glaxi Pane

Consolidation of the Italian frozen bakery industry

  • €M 20 revenues
  • 3 plants
  • A vast and complementary portfolio of bakery products

Bassini 1963, founded in Forlì with roughly €M 11 in sales, is specialized in the production of artisanal bakery products including frozen, precooked, cooked or raw breads, focaccias, sandwiches, and pizzas for the retail industry. Bassini 1963 is renowned for its use of high quality, certified, Italian raw materials and artisanal processes with expert bakers focused on innovation of new recipes and techniques ensuring a high degree of flexibility and personalization across the product range.

Venetian Glaxi Pane, with sales of roughly €M 10, is one of the leading frozen bakery operators for the restaurant and food services industry. The company recently completed construction of a second production facility in Cadoneghe, which will play a key role in its growth projects.

The operation strengthens the position of the Group and ensures:

  • A broad client base including strong relationships across all distribution channels including retailers, distributors and the food service industry
  • A vast portfolio of bakery products, leveraging complementary and longstanding experiences in the frozen good sector
  • State-of-the-art production facilities with 3 plants all located in well-developed Italian regions and able to quickly respond to client's requirements

Going forward, in addition to organic growth perspectives, the Group will explore other potential external growth opportunities in a still fragmented market, and focus on enhancing commercial synergies, notably through the Fondo Agroalimentare Italiano network, in Italy and abroad.