Clessidra to sell Acetum to Associated British Foods
Clessidra is to sell Acetum, a manufacturer and distributor of Balsamic Vinegar of Modena, a PGI-certified specialty vinegar, to Associated British Foods (ABF). Clessidra acquired an 80 per cent stake in Acetum in 2015 with the remaining 20 per cent retained by the founding shareholders, Cesare Mazzetti and Marco Bombarda.