McDermott advises Banco BPM on the financing of Andriani’s acquisition of Pu-ma

Andriani has acquired 100% of the share capital of Pu-ma Conserve, an Apulian company specializing in the production of ready-made sauces, pestos, and preserves, with 95% of its production organic. With the transaction, the group, headquartered in Gravina in Puglia, enters categories adjacent to its core business.

Andriani is an international healthy food group headquartered in Gravina in Puglia, with a production plant in London, Ontario (Canada). It operates in more than 50 countries and develops foods based on naturally gluten-free raw materials, including legumes, grains, and superfoods, with know-how that has expanded from pasta to bakery products, functional ingredients, and pet food.

The acquisition is part of the group’s growth strategy, which also includes external growth. Andriani aims to share commercial channels and identify new consumption occasions with its customers. It is also looking at development opportunities in domestic and international markets. The deal broadens the offering for customers, from industry to distribution and on to the end consumer. It also allows the group to acquire expertise in new production processes and to continue the path already under way on controlled supply chains, regenerative agriculture, and new partnerships.

Founded in 1986 in Bisceglie, Pu-ma Conserve has developed, over more than forty years of activity, expertise in raw material processing and recipe formulation. It started its first certified organic production in 1991. Today its production is almost entirely organic and includes sauces, pestos, tomato preserves, and vegetables in oil. The company works mainly in private label for markets such as Central and Northern Europe. It has a portfolio of 100 recipes and operates two plants in the Nord Barese area, in Molfetta and Bisceglie, with a total surface area of 17,000 square meters.

The transaction was financed by Banco BPM, assisted by McDermott Will & Schulte with a team comprising partners Giancarlo Castorino and Nicolò Perricone, associate Marco Colombo, and trainee Martina Caradonna.