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NewPrinces
Italian multinational food processing conglomerate corporation From Wikipedia, the free encyclopedia
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NewPrinces S.p.A. is an Italian multinational food processing conglomerate corporation headquartered in Reggio Emilia, Italy.[1]
Newlat Food S.p.A. is changing its name to NewPrinces S.p.A. following the 2024 acquisition of the food and drink company Princes Limited, which becomes the new group's primary subsidiary.[2]
NewPrinces S.p.A. operates as a subsidiary of Newlat Group S.A.[1]
In 2025, NewPrinces S.p.A. is listed on the Euronext STAR Milan index of Borsa Italiana.[1]
As of July 28, 2025, NewPrinces has a market capitalization of €898,093,931 million.[3]
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History
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The Newlat S.p.A was founded in 2004 within the Parmalat group.[4]
In 2008, the Italian Antitrust Authority forced Parmalat to sell it for the symbolic price of one euro plus debts. On April 18, 2008, Parmalat completed the sale of 100% of Newlat S.p.A. to TMT Finance SA, founded by Angelo Mastrolia.[5]
In 2020, Newlat Food S.p.A. acquired the majority stake of the shares of Centrale del Latte d'Italia S.p.A.[6]
On April 28, 2025, the shareholders' meeting of Newlat Food S.p.A. approved the name change to NewPrinces S.p.A. following the approval of the 2024 financial statements.[2] The new name follows Newlat Food S.p.A's acquisition of Princes Group in 2024. The acquisition of Princes Limited was announced in May 2024 and was completed in July 2024.[7]
As of May 8, 2025, NewPrinces S.p.A holds a majority stake of 67.74% of the shares of Centrale del Latte d'Italia S.p.A.[8]
On July 10, 2025, NewPrinces S.p.A. purchased the Plasmon biscuit brand from the American company Kraft Heinz for 120 million euros.[9]
On July 24, 2025, NewPrinces S.p.A. signed a binding agreement worth €1 billion to acquire the operations of Carrefour Italy.[10] Under the terms of the agreement, the NewPrinces group will acquire all Carrefour-branded businesses and stores still operating in Italy, committing to their development. The agreement also stipulates that the Carrefour brand will remain present for at least the next three years, after which it will be replaced by the historic Italian brand GS, which had made way for the Carrefour brand.[11][12] In 2025, combined revenues of approximately €7 billion are expected.[13]
The day after the Carrefour deal was announced, the shares lost more than 10% and the stock was suspended from trading.[14]
Some shareholders have reacted negatively to the lack of details on the transaction and fear that the Carrefour Italy acquisition will not deliver the expected profitability. While, some analysts have highlighted Carrefour's difficulties in the Italian market over the past 10 years. NewPrinces stated that Carrefour Italy's operations will be placed in a subsidiary, and that NewPrinces will continue its plans for a potential listing of its production unit on the London Stock Exchange. Furthermore, NewPrinces, through Fabio Fazzari (CFO), reiterated the company's direction to continue expanding through M&A opportunities, despite the three acquisitions already completed in 2025.[15] Angelo Mastrolia believes in integrating Italian production and distribution, focusing on local products.[16]
Finally, the Italian government, through Minister for Business and Made in Italy, Adolfo Urso, has also welcomed the operation, which guarantees the return of an Italian player in food distribution and the strengthening of the food production sector, while guaranteeing full employment for Italian workers, who were seriously at risk with Carrefour Italy's divestment plan.[17][18]
On July 28, 2025, following the clarifications released by the company, the shares rose with an increase of more 9%.
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Main shareholders
The main shareholders of NewPrinces S.p.A. on 23 May 2025 are:[1]
References
External links
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