Sfoglia Torino has acquired 100 per cent of the capital of Idea Quick, an Italian frozen puff pastry producer, with growth capital provided by agribusiness investor Unigrains.

The acquisition follows an expansion process launched in February 2017, in which Enzo Perrino, the chief executive officer of Sfoglia Torino, acquired Right with a view to consolidating the frozen puff pastry sector.

In 2016, Sfoglia Torino saw sales of roughly €11m, up nearly 10 per cent compared to 2015.

Following the acquisitions of Righi and Idea Quick, the group has over €30m of sales and can invest further in opportunities for sustainable and profitable growth.

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