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The history: continuous growth since 1963
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| Today |
The Group today presents itself as a consolidated reality with strong prospects for growth, characterised by a managerial approach to the market, that has been successful in bringing the Group into a leading position in all of the three sectors in which it operates. |
| 2009 |
Cremonini, through the French subsidiary Cremonini Réstauration, manages the catering services on 90% of the TGV trains from 1st March 2009. Cremonini became the 1st operator in Europe with this contract. |
| 2008 |
On 3 March 2008 Cremonini S.p.A. and the Brazilian group JBS S.A., the largest producer of beef in the world, concluded a strategic alliance in the meat sector. The agreement resulted in JBS S.A.’s 50% entry into the entire production sector of the Cremonini Group (Inalca S.p.A. and Montana Alimentari S.p.A.).
In July 2008 Cremonini S.p.A. exited the Borsa Italiana screen-based stock market. The delisting was commenced following the transformation of the company in recent years, after the Marr’s listing and conclusion of the joint venture with JBS, which acquired 50% of the production sector. From an industrial Parent Company, the company was thus transformed into a holding of equity investments, making the reasons for the stock market listing less evident. The company is now wholly-owned by the Cremonini family. |
| July 2006 |
In July 2006 Cremonini acquired the remaining 50% of Moto S.p.A. from the
Compass Group, thus assuming total of the enterprise active in motorway catering |
| June 2005 |
In June 2005, Cremonini S.p.A. quoted its subsidiary MARR S.p.A. in the Star sector of the Italian Stock Market, maintaining control of 57.4% of the shares. |
| July 2001 |
On July, 2 2001 Cremonini entered in the new Star segment organised and managed by Borsa Italiana S.p.A., the high standard market segment for small and medium capitalisation companies. |
| Dec. 1998 |
On December, 11 1998 the Group was floated on the Milan Stock Market with a view of accessing new financial resources on the market for reinvestment in future growth. |
| 1998 |
Luigi Cremonini gained 100% control of the Group in 1998. He had previously purchased a 33.3% stockholding from his brother Giuseppe in 1996 and in 1998 he acquired a holding of 33.3% from the heirs of Brandini, a co-founder. |
| 1985 |
Further definition of the Group’s structure took place with the entry into door-to-door distribution (1986), the production of spices and aromas (1990) and the acquisition of Harry’s Bar in Rome (1995).
The Group’s rapid expansion made it necessary. In 1995, to rationalize the structure through the sale of some non-strategic activities and a concentration of investment focused on the core businesses.
In addition to oil production and wine and mineral water activities, the Burghy restaurants were sold (to McDonalds). The latter sale was in terms of an agreement, which provided for a five-year supply of hamburgers by Inalca to the huge American fast food group that ensured that the Modena based business enjoyed a notable growth margin in future terms. |
| 1979/82 |
The strategy of integrated expansion into synergy sectors was put into action in 1979 with the acquisition of Marr S.p.A. and the consequent entry into the distribution of products to the catering sector. Subsequently, in 1982, Agape was acquired – a company already active in restaurant activities, particularly in the collective restaurant market.
In 1985 Cremonini acquired 6 fast food outlets from SME and became a leader in the Italian fast food business. In the space of a few years these outlets, using the Burghy brand, multiplied to a total of 96 fast food restaurants. |
| 1976 |
While the meat sector activity expanded with the establishment of new factories and an increase in industrial scale productivity, the introduction of cured meats into the business in 1976 represented the first opportunity of diversification into a parallel market. |
| 1963 |
In 1963 Luigi Cremonini began activity in the beef sector. In 1966, Inalca, a slaughtering industry, was founded. This laid the foundations for the present group through the acquisition of businesses operating in the food sector. |
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Cremonini S.p.A.
Via Modena, 53 - 41014 Castelvetro di Modena (MO) -
Tel. +39 059 754611 - Fax +39 059 754699 - P.IVA 00162810360
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info@cremonini.com |
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