Riverside acquires Italian Gelato ingredients business
The Riverside Company has acquired Optima and its related companies (Mec3), a developer, manufacturer and marketer of ingredients for gelato, pastry and other foods.
Based in San Clemente, Italy, Mec3 sells internationally and enjoys a reputation for quality products, continuous innovation and reliable customer service).
With annual revenues of around EUR100 million, Mec3 has become a leader in gelato and pastry ingredients through an innovative and authentic approach to providing ice-cream makers around the world with a full range of products from its exceptional production facilities. Mec3 serves more than 60,000 customers, helping them to deliver an authentic Italian gelato experience to consumers around the world.
“Iced desserts and snacks, particularly high-quality artisanal options like gelato, are becoming increasingly popular globally, and Mec3 is uniquely positioned says Riverside Partner Karsten Langer. “We’re excited about the prospects of working with the Mec3 management team to help the company achieve even greater success.”
Riverside plans to support and strengthen the management team, and boost global growth. The firm will also invest in R&D to develop new products and maintain Mec3’s image of innovation.
“After 30 years of developing Mec3, I am delighted to see the company in the hands of an experienced growth-focused investor like Riverside,” says Mec3 founder and President Giordano Emendatori.
“Riverside will build on a very strong foundation to make Mec3 an even bigger and better company,” said Langer. “We plan to carefully and strategically enhance the company so that it thrives and retains its Italian essence.”
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