Creating synergies in the high-growth pinsa market
The private shareholders of La Spiga Food have sold a majority stake to Morato Pane.
La Spiga Food is involved in the production and distribution of pinsa, an ancient savory bakery product similar to pizza, to large-scale retail and horeca channels, primarily under its flagship brand “La Rusticana”, with a smaller portion sold as private label. La Spiga Food takes pride in its distinctive baking process, as it is the only operator that exclusively uses wood-fired ovens.
Established in 1970, Morato Pane is an Italian bakery group present in over 50 countries worldwide. Today, the group boasts a product mix capable of covering all segments, from conventional bakery items to gluten-free alternatives. These products are produced and distributed under its own historical brands and through private label, in collaboration with renowned Italian and European retailers, as well as industrial operators.
After the transaction, the founding members of La Spiga Food will retain a minority stake and assume roles on the company’s board of directors, collaborating in the implementation of the multi-year business plan.
Oaklins’ team in Italy acted as the exclusive M&A advisor to the sellers in this transaction.


Talk to the deal team
Related deals
Ambala Foods Limited has been acquired by Cake Box Holdings plc
Cake Box Holdings plc has acquired the Asian dessert specialist Ambala Foods Limited.
Learn moreYeo Valley Limited has acquired Epicurean Dairy (UK) Limited
Yeo Valley Limited has successfully acquired Epicurean Dairy (UK) Limited, the gourmet yoghurt producer known as The Collective.
Learn moreBDS Vending Solutions has been acquired by Coca-Cola HBC Northern Ireland, a subsidiary of Coca-Cola HBC
Coca-Cola HBC Northern Ireland, a subsidiary of Coca-Cola HBC, has completed the acquisition of BDS Vending Solutions. This transaction is aligned with Coca-Cola HBC’s strategy to strengthen its route-to-market and direct-to-consumer capabilities, opening up new opportunities across its diverse portfolio of snacks, as well as cold and hot beverages.
Learn more