SIPA, owner of the historic Milanese brand Bindi, a company held by the private equity fund BC Partners LLP through the Forno d’Asolo group, has reached an agreement to acquire Gelpat Tradition, a reference company in France for pate à choux products. Thanks to this operation, the Forno d’Asolo group will be able to strengthen its presence on the French market and continue its international expansion strategy both in Europe and in the United States with the aim, by 2022, of generating over 30% of revenues from foreign markets.
With the addition of Gelpat, the Forno d’Asolo group’s range of products will also be expanded through the launch of new French haute patisserie specialties in the various distribution channels of the more than 40 markets covered by the group.