Fast-growing Italian food brand Crosta & Mollica has secured investment from private equity firm Perwyn Advisors to support its expansion in the UK and internationally.
Founded in 2009, the UK-based grocery brand offers reimaged italian classics across multiple categories, including pizza, gelato and aperitivo snacks. Authentically ‘Made in Italy’ using premium ingredients and regional recipes, the brand has secured listings in major supermarkets, including Tesco, Sainsbury’s and Waitrose.
Perwyn specialises in buyout and growth capital across the food & ingredients, technology, services, and healthcare sectors. It stated that it will support Crosta & Mollica as it continues apace with its international expansion whilst maintaining momentum in the UK through product innovation and brand investment.
Crosta & Mollica founder James Orr and the incumbent team will remain with the company. When the deal is completed, they will be joined by David Milner, who will become Chairman of the business, having held leadership roles at Tyrrells, Lily’s Kitchen and St. Pierre.
Orr commented: “I am delighted to welcome Perwyn as partners to Crosta & Mollica. Their shared vision for the potential of the business matches the ambition of our incredible team. We are only part way towards realising our goal of becoming a leading global Italian food brand, and Perwyn’s international and sector expertise will help accelerate us towards achieving that.”
Gurinder Sunner, Partner at Perwyn, added: “Perwyn are extremely happy to be collaborating with Crosta & Mollica. Their growth and increasing presence across multiple countries is incredibly impressive and testament to the passion they have for developing top-quality products befitting of a premium and relatable brand. The investment aligns perfectly with Perwyn’s food sector expertise and track record in successfully partnering with entrepreneur-owned businesses.”
Meanwhile, Milner said: “The opportunity for further growth is huge, and I am thrilled to be able to join the business at this exciting juncture.”
