Food Dive reported the development on 2026-06-30. The deal for the Italian dessert ingredients supplier comes about a month after the private equity firm purchased IFF's ingredients business for $4.3 billion.
The report places the news in a wider commercial context. Private equity firm CVC Capital Partners said it would acquire dessert and bakery ingredients supplier Irca from owner Advent for an undisclosed amount. The deal for the Italy-based ingredients maker is set to close in the fourth quarter of this year, with CVC saying it plans to support Irca's growth ambitions across the U.S. and Europe.
For the food sector, the practical implications extend beyond the immediate announcement. This is CVC's second deal for an ingredients supplier in the past month. The private equity firm announced at the end of May it would buy IFF's ingredients business for $4.3 billion.
Attention now turns to how companies, customers and regulators respond. Under Advent's ownership, Irca has increased revenue from 370 million euros in 2021 to 1.5 billion euros, or $1.7 billion, today. Irca produces ingredients and semi-finished products for the pastry, bakery, chocolate and ice cream markets around the world, serving customers in over 100 countries and operating a global manufacturing network of 19 facilities.
Food Dive
https://www.fooddive.com/news/cvc-irca-ingredients-acquisition/824068/This report is prepared from the public source listed above for news and industry-information purposes. Original research, text, trademarks and images remain with their authors and rights holders; open material is used under the licence identified by its source. Rights holders may contact rights@asiafoodtimes.com with evidence of ownership, and verified concerns will be corrected or removed promptly. This article is not investment, legal, medical or nutrition advice.
