Ergon Capital Acquires Majority Stake in Millbo–BioNaturals Group

December 16, 2020

Ergon Capital Partners IV SCSP has closed the acquisition of a majority stake in Millbo, BioNaturals International and BioNaturals Europe (together "Millbo–BioNaturals"), creating a global supplier of natural, clean-label bakery ingredients. The sellers (including Millbo/Boggiani family and other shareholders) will reinvest alongside Ergon, and the investment is intended to accelerate growth through geographic expansion, product cross-selling and a buy-&-build strategy.

Buyers
Ergon Capital Partners IV SCSP (Ergon)
Targets
Millbo, BioNaturals International, BioNaturals Europe
Sellers
Millbo and BioNaturals shareholders (including the Boggiani family)
Industry
Food & Beverage
Location
Piedmont, Italy
Transaction Type
Buyout

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