logo
Intelligence
Tracking
Tools
logo
Intelligence
Tracking
Tools

Seviroli Foods Acquires a Portfolio of Italian Food Products from Ajinomoto Foods North America

Jan 30, 2024•almost 2 years ago

Acquiring Company

Seviroli Foods

Acquired Company

Ajinomoto Foods North America

Garden CityOntarioFood And BeverageFood And Beverage

Description

Seviroli Foods LLC, a leading manufacturer of frozen pasta and other food products, has acquired a portfolio of Italian food products, including the related intellectual property and equipment, from Ajinomoto Foods North America, Inc. This acquisition expands Seviroli’s product offering primarily in foodservice and retail end-markets, broadens its relationships with key customers and suppliers, and presents an opportunity to accelerate growth and augment its offerings across various channels.

Company Information

Company

Seviroli Foods

Location

Garden City, New York, United States

About

We started as a small pastry shop in Ozone Park, Queens in 1960. Making pasta, especially tortellini, was Joseph Seviroli’s real passion. Tortellini was rare in New York at the time so he purchased a machine from Italy and started manufacturing in the basement of the pastry shop. It wasn’t long until word got out about our pasta and soon people were lining up out the door…except this time it wasn’t for pastries! Demand continued to rise as customers lined up around the store to get their hands on authentic Italian tortellini. Joseph quickly realized that the pastry shop’s basement was not suitable for rising customer demand and decided it was time to officially open a pasta shop. That led to the purchase of a nearby building in Garden City, New York, where three additional tortellini lines were added to the facility and Seviroli Foods was officially born. Today, we still use only authentic ingredients when making our pasta from scratch and everything is still made on equipment imported from Italy. One bite and you know it’s authentic.®

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed