Musgrave acquires the Wicklow company Italicatessen

Musgrave has acquired Italicatessen, an importer and distributor of Italian food and wine.

The Wicklow-based business will become part of Musgrave’s food service division.

Italicatessen was founded in 2002 and employs 75 people here. It also has a UK office which employs 12 people.

The distributor now works with over 900 customers and offers Italian products such as pasta, cheese, olive oil and wines.

The price paid for the company was not disclosed.

“Whether it’s Italian, French, Spanish or Mexican food, consumers now expect the quality and taste to match the dining experience they have in those countries,” said Noel Keeley, CEO of Musgrave.

“Italicatessen brings that authenticity to customers looking for locally sourced Italian produce.”

He added that the transaction is a further development of Musgrave’s strategic plan to grow its business with a particular focus on foodservice and wholesale.

Italicatessen managing director Christian Reolon said the acquisition will provide access to “the largest wholesale and foodservice distribution network in Ireland”.

“This will allow us to grow while ensuring the long-term sustainability of our business. Given the momentum of the business, the acquisition comes at great time for us,” he added.

Italicatessen will continue to operate as an independent company. Through the acquisition, existing management and staff will be employed in Musgrave’s broader wholesale business.

https://www.independent.ie/business/irish/musgrave-acquires-wicklow-firm-italicatessen-42056672.html Musgrave acquires the Wicklow company Italicatessen

Fry Electronics Team

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