Irca specializes in supplying semi-finished goods for the global bakery, pastry, chocolate, and ice cream industries. With a catalog exceeding 7,000 individual products, the company maintains a presence in more than 100 countries. CVC officials confirmed that they intend to steer the next phase of this international growth, with the transaction scheduled to finalize in the fourth quarter of the year.
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CVC Capital Partners Targets Bakery Market with Irca Acquisition
Private equity giant CVC Capital Partners is moving to acquire Italian ingredients manufacturer Irca from Advent, marking another significant expansion in the food production sector. The deal follows a period of rapid scaling for the business, which has seen its annual revenue quadruple under its previous ownership to 1.5 billion euros.
This move reinforces a broader strategy at CVC to consolidate its footprint in food technology and supply. Only months ago, the firm reached an agreement to purchase the food-ingredients division of International Flavors & Fragrances in a deal valued at 4.3 billion dollars, including debt.
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