Agras Delic

Year
2020
Type of operation
Merger & Acquisition
Sector
Pet Food

Agras Delic acquired 100% of Cerere Produzione.

Established in 1986 in Genoa, Agras Delic is a leading Italian company operating in the distribution of pet food with the brands Schesir, Stuzzy and ADOC, marketed both in pet shops, supermarkets and the like. Historically it specializes in wet pet food.

The majority of the capital has been held by the financial investor NXMH since 2017. The minority shareholder, Pietro Molteni, is the CEO. In 2020, the company achieved a turnover of about € 100m, supplying over 3,000 customers in more than 40 countries.

The merger of Cerere Produzione, a company based in Neive (Cuneo) operating in the production of private label dry pet food, enables Agras Delic to consolidate its business in the pet food sector, throughout the supply chain, from production to marketing, with a long-term investment.

Corus assisted Agras Delic as financial advisor in the scouting process of potential targets, negotiation and in all stages of the acquisition of Cerere Produzione.

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