# Waico acquires Italforni, strengthening bakery machinery leadership

Waico group has completed the acquisition of Italforni, a Pesaro-based producer of ovens for the artisanal pizzeria market. The deal brings Waico's projected revenues to €37 million.

- Type: Acquisition
- Announced: 2022-11-11
- Where: Pesaro, Italy, Italy
- Status: completed
- Products: ovens for pizzerias, patisseries and bakeries
- Sectors: [Food Processing Equipment](https://endata.com/sectors/food-processing-equipment.md)

## Companies

- [WAICO](https://endata.com/companies/61423.md) (acquirer)
- [Italforni](https://endata.com/companies/66618.md) (target)
- [Mindful Capital Partners](https://endata.com/companies/66619.md) (investor)

## Sources

- [mcpinvest.com](https://mcpinvest.com/waico-acquires-italforni/), 2022-11-14: "With Waico we confirm our ability to quickly and effectively implement aggregation projects in sectors where Italy is a leader, but with an important dimensional problem."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.