Ambienta acquires plant-based group The Bridge

Ambienta, a sustainability-focused plus manager, has taken a bulk involvement successful Italian plant-based dairy radical The Bridge.

It has acquired the concern from its founders, the Negro Marcigaglia family, for an undisclosed sum.

As portion of the deal, the Negro Marcigaglia household volition reinvest alongside The Bridge's caller proprietor and volition proceed playing "a cardinal relation successful the maturation of the business", a connection from Ambienta read.

Founded successful 1994, The Bridge makes plant-based drinks, yoghurts and desserts, among different products. It is based successful San Pietro Mussolino, adjacent Vicenza, and manufactures its goods in-house.

The marque sells some nether its ain sanction and done private-label partnerships, with astir 80% of its gross coming from extracurricular Italy, the connection said.

Paolo Negro Marcigaglia, shareholder of The Bridge, said: “Over the years, we person built a institution rooted successful quality, innovation and respect for the environment, successful Ambienta we recovered a like-minded spouse to enactment and accelerate our expansion, fortify our organisation and proceed investing successful innovation to seizure the important opportunities up successful the plant-based sector.”

Ambienta has been assessing opportunities successful plant-based foods since 2017, according to the statement. The radical besides has a number involvement successful Nactarome, which produces earthy flavours and colourings for the nutrient industry.

The latest woody is the 2nd concern for Ambienta nether its Small Cap Fund. Its archetypal concern nether this money was successful the Italian h2o attraction and recycling solutions steadfast P.I.Eco.

Ambienta added The Bridge is good positioned” to grow further successful Italy and worldwide, "both organically and done selected acquisitions". It said it volition enactment the company’s extremity of becoming “one of the starring players successful the sector.”

Ambienta spouse Francesco Lodrini said: “We are arrogant to denote our concern successful The Bridge. Food accumulation is 1 of the astir captious areas successful the modulation to a much sustainable economy, and plant-based alternatives play a cardinal relation successful reducing the biology footprint of the agrifood worth chain.

“This 2nd concern for Ambienta Small Cap successful conscionable a fewer weeks, embodies what this strategy stands for: deploying our capabilities and web to enactment companies besides connected the smaller extremity of our concern scope to prehend maturation opportunities successful markets driven by biology trends”.

"Ambienta acquires plant-based radical The Bridge" was primitively created and published by Just Food, a GlobalData owned brand.