GRANAROLO

The Consorzio Bolognese Produttori Latte (CBPL) was formed in 1957 and was soon known to all as “la Granarolo”. The Consorzio Bolognese Produttori Latte is one of the first instances where producers were involved not only in the collection of milk but also in its transformation and marketing.

The Granarolo Group now encompasses 16 plants located throughout the country, plus six abroad, with 2,800 employees, and with 8.5 million quintals of milk processed each year, it is one of the most important players in the entire Italian food industry.

In fact, the group is the largest Italian milk industry and the only one based on an integrated production system, where the entire process is controlled and managed in close collaboration with the local producers.

With them, the Granarolo Group follows all phases of the process: from raw material production to finished product distribution to retail outlets, all to ensure that the production is targeted, programmed and quality-oriented.

Through the diversification of its business portfolio, the Granarolo mission abroad is to export the best tradition of Made in Italy, even outside the dairy category, presenting as one of the principal groups of Italian food product manufacturers.

Granarolo recently issued a € 60 bond subscribed by the CDP Group.

The issue, purchased in equal parts by Cassa Depositi e Prestiti and Fondo Sviluppo Export, formed on an initiative of SACE, will help finance Granarolo's new 2016-19 business plan that will implement a foreign expansion strategy for the company and increase the share of revenues from new markets from 20% to 40%.

With the liquidity provided by the CDP Group, Granarolo will be able to make new acquisitions and expand its product range and geographical reach.

This transaction will permit Granarola not only to pursue its experience in the capital markets, begun in 2013 with a first bond listed on the Luxembourg exchange, but also to expand its development in foreign markets, initiated in 2011 with a series of acquisitions of producing companies in France, Chile, Brazil and New Zealand, while the plan projects to include strategic actions in markets outside Europe.