Crosta Mollica Merges With Nestlé Pizza Spin-Off European Pizza Group

Just Food··EUGBDE·Read original
3▲0 ▼0Impact / 5
Summary · why it matters

Crosta Mollica has merged with the European pizza business spun off by Nestlé three years ago into a venture with private-equity firm PAI Partners. London-headquartered Crosta Mollica, positioned at the premium end of the UK pizza market, said the combination with the European Pizza Group will create a combined entity with €1bn ($1.1bn) in retail sales. EPG houses brands such as Wagner and Buitoni, supplies ten European markets, and has manufacturing operations in Germany and Italy. Crosta Mollica said its retail sales have risen to €270m from €90m when executive chairman David Milner and current CEO Tom Sirett joined the company in January 2024, while accounts filed with Companies House in London for the year through the end of June 2025 showed turnover of £67.6m ($89.7m), up from £49.2m, operating profit of £7.6m versus £4.2m, and net profit of £8.1m versus £3.3m. Post-transaction, both businesses will continue to operate separately, with Milner serving as CEO of the combined group, Sirett remaining chief executive of Crosta Mollica and Matthias Casanova remaining CEO of EPG, and European private-equity firm Perwyn continuing to be involved alongside Nestlé and PAI Partners.

Impact on assets 1

Consumer Staples▲ · 1 stocks
Nestle S.A.
NESN
± MixedCapitalrelevance

Nestlé spun off its European pizza business three years ago and remains involved alongside PAI and Perwyn in the merged venture, but the article gives no clear positive or negative for Nestlé.

Off-coverage companies 4

Crosta MollicaPrivate▲ Positive
Capitalrelevance

Crosta Mollica merges with European Pizza Group to form a combined entity with €1bn in retail sales, alongside strong turnover and profit growth.

European Pizza GroupPrivate▲ Positive
Capitalrelevance

European Pizza Group, the Nestlé pizza spin-off, merges with Crosta Mollica into a combined €1bn retail-sales venture.

PAI PartnersPrivate▲ Positive
Capitalrelevance

PAI Partners' spun-off European Pizza Group merges with Crosta Mollica into a €1bn retail-sales venture, expanding its portfolio.

PerwynPrivate± Mixed
Capitalrelevance

Perwyn continues to be involved in the combined group alongside Nestlé and PAI Partners, but no specific impact is detailed.

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