Irca Group acquires In2Food, US distributor for premium ingredients brands
Irca, a leading European producer of chocolate, creams, food ingredients and semi-finished food products for pastry-making, baking and ice-cream retailing, has announced the acquisition of In2Food Gourmet.
Founded in 2005, In2Food is a privately held company controlled by the Clever family, based in Duluth, Georgia. In2Food operates multiple commercial offices and a distribution center that provides extensive coverage across the US, serving more than 100 clients involved in all professional food channels (Retail, Artisanal and Horeca).
The acquisition of In2Food strengthens Irca’s presence in the US and reinforces the company’s worldwide distribution network. Following the acquisition, the Group is expected to generate sales in the American market in excess of USD 35 million.
Following the integration of In2food into Dobla USA, the Group’s local subsidiary, Irca will look to accelerate its growth strategy through further expansion into the US market, leveraging the deep experience and expertise of In2Food’s founder and CEO, Mike Clever, and the wider management team. Mike Clever will become Irca Group’s new Managing Director Business Unit America and he will focus on strengthening Irca’s existing commercial and marketing networks across the US market and the region in general.
Paolo Perego (pictured), CEO of Irca Group, said: “The acquisition of In2Food significantly grows our exposure to the US market, where there is huge potential for growth driven by strong demand for artisanal Italian products.I am convinced that In2Food represents the perfect fit for our business, in terms of its highly complementary product offering, and the deep experience and industry expertise shared across the first-class management team.”
Mike Clever, Founder and CEO of In2Food, said: “We are delighted to become part of the Irca Group. This is a great opportunity for our dedicated staff and loyal customers who have helped build In2Food over the years. We are thrilled with the combined platform and excited about providing our customers with the highest quality pastry products supported by an outstanding service offering.”
Founded in 1919 by the Nobili family, IRCA is a leading Italian and European B2B manufacturer of chocolate and semi-finished products for the pastry, bakery, ice-cream and horeca market thanks to a portfolio of products composed by around 3000 SKUs offered to industrial clients, distributors, SME’s, internal bakeries of hypermarkets, pastry and bakery shops in more than 90 countries globally. Acquired by The Carlyle Group in 2017, Irca operates with three state of the art production sites located in Italy, along with three international production sites in Belgium, United States and Vietnam, with over 900 employees.