Crosta Mollica and Nestlé-backed European Pizza Group merge to create a €1bn retail powerhouse, with David Milner appointed as CEO of the combined group.
Crosta Mollica is merging with EPG to create a €1bn retail sales entity, leveraging strong brand portfolios and favorable market tailwinds.
The European Pizza Group, spun off from Nestlé, is merging with Crosta Mollica to form a larger, complementary portfolio with significant scale.
Nestlé is mentioned as the originator of the spun-off European Pizza Group and retains a non-controlling stake in the new combined entity.
Premium pizza brand Crosta Mollica has merged with the European Pizza Group (EPG), a venture previously spun off by Nestlé and PAI Partners. The combined entity will command €1bn in annual retail sales, leveraging a complementary portfolio of brands including Wagner and Buitoni to accelerate growth across European markets.
The merger combines Crosta Mollica with the European Pizza Group (EPG). While they will operate as separate businesses, they form a single entity with €1bn in retail sales, led by David Milner as CEO.