- Urbis Food, founded by Giorgio Longhi, is based in Marche, Italy
- Urbis reported sales of over €30m in 2022
- FAI is backed by Unigrains, an investor in the agri-food and agro-industrial sectors
Fondo Agroalimentare Italiano (FAI), backed by Unigrains, has acquired a stake in Urbis Food, a supplier of seafood for Italian distributors and retailers.
No financial details of the transaction were disclosed.
Urbis Food, founded by Giorgio Longhi, is based in Marche, Italy. The company reported sales of over €30 million in 2022.
FAI and its co-investors will support Urbis Food in implementing a growth plan based on nation-wide expansion, strengthening the GiorgioMare brand and doubling sales over the next five years, according to a release.
“We have long observed the seafood and retail industry and discern significant growth in the coming years, notably in the high-end segment,” said Francesco Orazi, head of FAI. “The aim is to help him, and his team consolidate the market and develop industrial synergies to fuel future growth.”
FAI invests in minority stakes either in growth capital transactions or in buyout transactions, in the capital of Italian agri-food SMEs with sales generally between €10 million and €150 million. The firm is based in Milan, Italy.
Unigrains is an investor in the agri-food and agro-industrial sectors. The firm is based in Paris, France.
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