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, which is positioned at the premium end of the UK pizza market, said the combination with the European Pizza Group (EPG) will create a combined entity with €1bn ($1.1bn) in retail sales.
Housing brands such as Wagner and Buitoni, EPG currently supplies ten European markets, with manufacturing "operations" in Germany and Italy.
Crosta Mollica uses a co-production partner in the home of pizza to support its Made in Italy brand credentials.
Speaking to Just Food last year, executive chairman David Milner said the UK made up 80% of Crosta Mollica's annual branded sales and Europe 20%. Pizza is the largest cash earner for a portfolio that also features garlic bread, pasta, Italian flatbreads and desserts, and amaretti biscuits.
Accounts filed with Companies House in London, for the year through the end of June 2025, showed the business generated a turnover of £67.6m ($89.7m), up from £49.2m from 12 months earlier.
Operating profit increased to £7.6m from £4.2m, while net profit more than ...