DIAGEO OPERATIONS ITALY acquired by NEWPRINCES GROUP
Context
NewPrinces S.p.A. has successfully completed the acquisition of 100% of the share capital of Diageo Operations Italy S.p.A. from the global beverage giant Diageo. This strategic transaction includes the transfer of the renowned production facility at Santa Vittoria d’Alba and its entire workforce, ensuring continuity of employment. As part of the agreement, NewPrinces has secured a fixed-term service contract to continue bottling products for Diageo during a transitional period, guaranteeing immediate production volumes. This acquisition significantly bolsters NewPrinces' industrial footprint in the beverage sector, adding specialized bottling capabilities for spirits and wines to its existing diverse food manufacturing portfolio.
By taking control of Diageo Operations Italy, Newprinces Group continues its expansion strategy. Previously, the group had completed 3 acquisitions, including Carrefour Italia in 2025.
DIAGEO OPERATIONS ITALY, which reported an EBITDA margin of in 2025, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the AgriFood sector (10.7x).
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Target
Located in Santa Vittoria d Alba in the Piedmont region, this facility is a historic and strategic production hub formerly owned by Diageo. The site specializes in the bottling and packaging of premium alcoholic beverages and wines. It is a significant Corporate asset with advanced bottling lines and a skilled workforce, historically responsible for producing iconic brands for global distribution. The plant operates as a critical node in the beverage supply chain, ensuring high-quality standards for complex spirit and wine products.
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| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 10/2025 | APETIT | FOODHILLS | SWEDEN | Food Products |
| 10/2025 | LT FOODS | GLOBAL GREEN EUROPE | HUNGARY | Food Products |
| 09/2025 | ADIA | CASA OPTIMA | ITALY | Ingredients |
| 09/2025 | ASSOCIATED BRITISH FOODS | HOVIS | UNITED KINGDOM | Bakery / Pastry |
| 09/2025 | AKSIA | IL FORNAIO DEL CASALE | ITALY | Bakery / Pastry |
| 09/2025 | A&M CAPITAL | ISLA DELICE | FRANCE | Food Products |
| 09/2025 | POPPIES BAKERIES | MILCAMPS | BELGIUM | Food Products |
| 08/2025 | NACTAROME GROUP | CLAREMONT INGREDIENTS | UNITED KINGDOM | Ingredients |
| 08/2025 | PREMIER FOODS | MERCHANT GOURMET | UNITED KINGDOM | Food Products |
| 07/2025 | REFRESCO | TELEMARK KILDEVANN | NORWAY | Soft Drinks |
REFERENCES
Revenue range: 150M - 250M EUR
EBITDA range: 10M - 30M EUR
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Acquirer: newprinces group