Turatti

Cadenive acted as financial advisor to Turatti Group, backed by Taste of Italy, a fund managed by Green Arrow Capital Alternative Funds SGR, and Entangled Capital in the sale of 100% of its share capital to Grote Company Family of Brands, a U.S. company that is a leading supplier of machinery and services for the food processing industry. The transaction marks the conclusion of an investment journey that saw the Fund support Turatti through an important phase of industrial and managerial growth — including the acquisition of Tecnoceam and the construction of a new production headquarters built to advanced ESG standards — now culminating in its entry into the American Grote Company group. Going forward, the combination is expected to further expand Turatti's ability to offer integrated solutions to European and North American food processors, benefiting from the complementary expertise, breadth of offering and global presence of the Grote Company Family of Brands Group.

Turatti Group is an Italian company founded in 1978 and headquartered in Cavarzere (Venice), with more than 40 years of experience in the design and manufacture of machinery and complete lines for the food industry, serving the fresh-cut, frozen vegetable and ready-to-eat product sectors. The Group, which includes the Turatti, Tecnoceam, VGC and RS Tecnology brands, develops turnkey systems covering the entire production process for an international customer base, also serving the global market through its facility in Salinas, California.

Grote Company Family of Brands is a U.S. company founded in 1972 in Columbus, Ohio, active for more than 50 years in bringing automation to the food industry. The company today has 8 locations worldwide and more than 300 employees, manufacturing food processing machinery recognised for its reliability, build quality and customer service. Over the past 20 years, Grote Company has expanded its know-how through strategic acquisitions, including Vanmark, Advanced Food Technology, GME International and Pizzamatic.

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