Firma Holdings has acquired baked goods maker Sicilian Sun and its subsidiary Sicilian Sun Foods.
The acquisition also involves Sicilian's two production facilities located in Alcamo and Catania on the island of Sicily in Italy.
The 53,500ft2 Alcamo facility specialises in manufacturing of baked goods, frozen desserts, and semi-finished products that are produced using natural ingredients.
The company highlighted that the products have generated sales growth of 40% in 2014 and is expected to grow more than 100% in 2015.
Located at the foothills of Mt Etna the 48,000ft2Catania facility is equipped with latest automated technology for the commercial production of artisanal gelato products.
Fima highlighted that in 2014, Sicilian Sun Foods partnered with La Petite Foods and US based global food broker Daymon Worldwide. Sicilian Sun Foods used the services of La Petite Foods and Daymon Worldwide in contracting with major grocery chains.
The initial stocking order is expected to commence in June 2015, and is expected to get sales worth $3.5m per quarter by the fourth quarter of 2015.
Sicilian Sun will be become 100% owned subsidiary of Firma Holdings Corp, and the company is planning to invest resources for Sicilian's sustainable and scalable business.
