Apheon buys food ingredients producer Salpa

The sellers were the Cherubini family and Equinox, an Italian private equity investor.

  • The Cherubini family and management significantly reinvested into Salpa with a sizeable minority stake
  • Salpa was founded in 1934
  • Apheon invests in the European middle market

Apheon has acquired a majority stake in Salpa, an Italian producer of food ingredients for the industrial ice cream, dairy and confectionary sectors. The sellers were the Cherubini family and Equinox, an Italian private equity investor. No financial terms were disclosed.

Moving forward, the Cherubini family and management significantly reinvested into Salpa with a sizeable minority stake. Several members of the Cherubini family will continue to hold their roles in the company.

On the deal, Riccardo Collini, a partner at Apheon, said in a statement, “The Cherubini family have built a truly world class company with a top-notch industrial set-up, based on proprietary technologies and internally customized production processes. We share Salpa’s values of innovation and excellence, and feel privileged to support the management team and the Cherubini family to grow Salpa together“.

Salpa was founded in 1934.

Apheon invests in the European middle market. Since its founding in 2005, Apheon has raised more than €3.2 billion in capital.