Ferrari Formaggi acquired by Savencia

Savencia agreed in November 2026 to acquire the remaining 51% of Ferrari Formaggi from the Ferrari family, having held 49% since 2010, with control passing from 1 January 2027 subject to regulatory authorisations. Chief executive Massimo Estrinelli continued to lead the business and Laura Ferrari retained the honorary chairmanship. Based at Ossago Lodigiano south of Milan, Ferrari Formaggi matures, grates and packages Italian hard cheeses, principally Parmigiano Reggiano and Grana Padano, together with GranMix, a blend of the two with Swiss emmental created in 1985 by the founder Giovanni Ferrari. It employs 160 people at its head office and operates two plants in the Parma area devoted to Parmigiano Reggiano. Revenue exceeded €180m in 2025. The two companies had traded with each other throughout the sixteen years of joint ownership, the Italian company distributing Caprice des Dieux, Camoscio d’Oro and Roquefort Papillon across Italy while its own products reached foreign markets through the French group’s international organisation, an arrangement that made the acquisition of the balance a formalisation rather than an integration. Protected designation cheeses restrict where value can be captured, since the milk, the maturing and the origin are fixed by the specification, which leaves grating, blending and packaging as the activities on which a processor can differentiate itself, and explains the twenty million euro programme the company announced through 2030 to reinforce its position in that segment. The acquirer was itself under pressure in its European cheese activities, having reported organic revenue down 2% amid constrained consumer spending and a contraction in current operating profit, attributed in part to milk surpluses weighing on world prices. The business has been managed since 2019 by the founder’s three daughters, Laura, Claudia and Silvia Ferrari.