Houlihan Lokey Advises Feger di Gerardo Ferraioli
Houlihan Lokey is pleased to announce the sale of the operating businesses of Feger di Gerardo Ferraioli S.p.A. (Feger) and Sapori del Sole S.r.l. (Sapori del Sole) to La Doria S.p.A. (La Doria or the Group), a portfolio company of Investindustrial. The transaction was closed on 10 July 2025.
Founded in 1962 and headquartered in Angri (Salerno, Southern Italy), Feger is a leading Italian food processing company specialising in the production and distribution of canned foods, tomato-based products, ready-made sauces, preserved legumes, and canned fruit. Feger operates under both its own brands and private-label agreements, serving wholesale and retail channels.
Sapori del Sole, also based in Angri, is active in the labelling and warehousing of canned foods, supplying both wholesale and retail distribution channels.
La Doria is a global leader in shelf-stable, private-label Italian specialty products—including tomatoes, ready-to-use sauces, and canned pulses—with a strong and well-established presence in the United States. In 2023, the Group generated revenues of €1.228 billion, with the majority derived from private-label offerings to major domestic and international retailers.
Investindustrial is a leading European group of independently managed investment, holding, and advisory companies with approximately €17 billion of raised fund capital. Investindustrial has a 35-year history of providing middle-market companies with capital, industrial expertise, operational focus, and global platforms to accelerate sustainable value creation and international expansion.
Following the acquisitions of the operating businesses of Feger and Sapori del Sole, La Doria further strengthens its leadership in tomato derivatives and expands production capacity in strategic categories. The integration is expected to generate significant operational synergies, optimise logistics, and expand the Group’s product offerings for international customers—with a particular focus on organic products to meet evolving consumer demand.
Houlihan Lokey acted as sole financial advisor to the shareholders of Feger and Sapori del Sole, providing support in structuring and negotiating the transaction. The deal reinforces Houlihan Lokey’s strong track record in the Italian food processing sector, underscoring the value of deep industry expertise and strong local relationships.
RELATED: Consumer, Mergers & Acquisitions