Granarolo ‘frees’ in the bank over 100,000 Parma hams

Calzolari_GranaroloIn its progressive internationalisation race, Granarolo has experienced in the financial sector a solution that can be a benchmark for the entire sector of agri-food excellence. With Crédit Agricole Corporate & Investment Bank and Crédit Agricole Cariparma, this cooperative carried out an operation whose value is 10 million Euros to mobilise the stock of more than 100,000 PDO hams, with different maturation levels. This stock refers to one of the subsidiaries of Granarolo, Stabilimenti Gennari.Granarolo_Negozio

Gianpiero Calzolari, Chairman of Granarolo Group, commented: ‘This operation is functional to the projects of national and international development of the Group. In the future it can support the growth plans of the whole Italian wine and food sector, which suffers from the block of large assets in stock’. As a matter of fact, this innovative solution allows Granarolo to optimize its financial structure in view of new acquisitions. To exit from the difficulties related to dairy markets, Granarolo has aimed for a long time at enhancing matured cheeses, widening its range of vegetable products, presence in foreign markets (even such far away ones as New Zealand), with a wide platform of culinary excellences. The company operates through direct control (by means of targeted acquisitions), brand productions (co-packing), and in partnership. The goal is to quickly reach 45% of its turnover realised with the export: from 2015 the billion Euro threshold was exceeded.

Crédit Agricole Italia Group, through a wholly owned non-financial company, is owner of the stock of disinvested products, Crédit Agricole Corporate & Investment Bank Milan Branch acts as both Structuring Bank and Calculation Agent.

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