Nexture positions itself as a leader in innovation and in the production of high-quality, value-added food ingredients.
Today marks the official debut of Nexture, the holding company representing the next stage in the growth trajectory of the Ingredient-Tech Platform, an integrated platform combining the industrial and technological expertise of CSM Ingredients Group and Italcanditi Group, both being indirectly owned by Investindustrial. Nexture represents a new chapter of the entrepreneurial project that started in 2022, and which focused on building an ecosystem of complementary companies centered around two historic players in the ingredients industry and their subsidiaries.
Subject to the successful completion of its offering of Senior Secured Floating Rate Notes due 2032, Nexture – which recorded combined sales of over €800 million[1] – positions itself as an integrated platform for the development and manufacturing of high-quality food ingredients. Nexture stands out for offering a broad product portfolio and its ability to deliver value-added solutions. Nexture’s platform comprises over 2,000 employees, 13 production facilities, 10 innovation centers, and it serves customers in over 120 countries[2]. These figures underscore the platform’s global footprint and establish Nexture as a benchmark for players in the food industry, as a result of its ability to combine industrial tradition, technological innovation, extensive geographic reach, service agility, and sustainability in a dynamic international landscape.
Nexture leverages the strategic affinity of the entities that are part of its platform: CSM Ingredients, a global player in the bakery and fine pastry ingredients sectors; HIFOOD, a center of excellence for the development of highly innovative, clean label ingredients of natural origin; Vitalfood by Italcanditi, a premium producer of fruit-based preparations, water-based creams, and candied fruits; and Comprital and Prodotti Rubicone, iconic brands of artisanal Italian gelato, internationally recognized for their ability to anticipate consumer trends with innovative formulations, distinctive flavors, and offerings including “sugar-free,” “high-protein,” and “vegan” product options.
Nexture will be headquartered in Milan, a decision of significant strategic and symbolic value, and will pursue global growth ambitions, as explained by Gabriele Del Torchio, Chief Executive Officer: “Thanks to a single centralized engine for innovation, investment, and development, we aim to harness both the complementarity and the diversity of the companies that comprise Nexture, now and in the future. Furthermore, we are developing a global expansion strategy which will allow us to further strengthen our presence beyond Europe, in areas including: the United States of America, thanks to the solutions developed by HIFOOD; China, where we operate a production facility in Shanghai; and the MENA region, supported by our joint venture in Tunisia and the increasing demand for gelato products in the Gulf countries.”
Commenting on the above, Andrea C. Bonomi, Chairman of the Industrial Advisory Board of Investindustrial, stated: “With Gabriele Del Torchio, Investindustrial revitalized and brought Ducati to the top of the MotoGP World Championship. Now, the headquarters of one of Europe’s leading food ingredients groups will be relocated to Italy – a trend we hope will accelerate in the future, as it aligns with Italy’s renewed entrepreneurial spirit and ambition. Investindustrial is an international group, and while its hallmark is to help companies globalize, when possible and consistent with industrial plans, it seeks to bring the headquarters of its investments to Italy. Nexture is a prime example: it operates in 120 countries, with 13 production facilities and the majority of its revenue generated abroad.”
Furthermore, Nexture S.p.A. (“Nexture”) announces on July 15th that it has successfully priced an offering of Senior Secured Floating Rate Notes due 2032 (the “Notes”) in an aggregate principal amount of €425 million offering (the “Offering”).The Offering was conducted in the context of the Combination mentioned below. The Notes will be issued at an issue price of 99.000% and will bear interest at a rate equal to three-month EURIBOR (subject to a 0% floor) plus 4.00% per annum, reset quarterly. Subject to customary closing conditions, the Offering is expected to be completed on July 24, 2025. Upon issuance the Notes are expected to be listed on one or more multilateral trading facilities within the European Union.
Subject to the completion of the Offering, Nexture will become the sole shareholder of CSM Ingredients S.à.r.l. (together with its subsidiaries, the “CSM Ingredients Group”) and Italcanditi S.p.A. (together with its subsidiaries, the “Italcanditi Group”), with effect on or about the issue date of the Notes (the “Combination”).
In connection with the Offering and subject to its completion, Nexture also expects to enter into a revolving credit facility agreement on or around the issue date of the Notes whereby certain financial institutions will make available to Nexture a multi-currency facility in an aggregate principal amount of €80 million.
The gross proceeds from the Offering will be used: (i) to repay in full and cancel certain existing indebtedness of CSM Ingredients Group and Italcanditi Group, including accrued and unpaid interest thereon; (ii) for general corporate purposes; and (iii) to pay fees and expenses related to the Combination, the Offering, the application of proceeds thereof, and the execution of the aforementioned revolving credit facility agreement.
[1] As of and for the twelve months ended March 31, 2025.
[2] As of March 31t, 2025.
