Country Italy
Region Lazio
Investor Consilium

Gelit is a leading player in the production and marketing of frozen pasta-based ready meals and crêpes for the private label market. When Consilium bought Gelit in 2007, it was a non-core business of Barilla. Under Consilium’s guidance, Gelit changed from being a company highly dependent on Barilla’ infrastructure to a robust, stand-alone business. By focusing on private label, supplier optimisation and entering new profitable markets and channels, Consilium turned Gelit into a leading frozen ready meals producer leveraging on Italian food know-how and appeal. Consilium sold Gelit in June 2012 to New York-listed Ralcorp (now part of ConAgra Foods group), earning 3.7 times its investment.

I would like to thank Consilium for the support during these crucial years which allowed us to hit our ambitious targets. We enjoyed a very constructive relationship on strategic objectives thanks to their proactive and challenging approach

Stefano Mattioli CEO, Gelit

What did the business need?

  • Focus on core private label business
  • Assistance to build a stand-alone business
  • New markets and channels development programme
  • Financial discipline

How did private equity backing create lasting value?

  • Hired new highly qualified management team
  • Built the infrastructure required to flourish as a stand-alone business
  • Invested significantly in plant reorganisation and energy saving
  • Established a new network of brokers/distributors worldwide to grow international sales
  • Entered the food service channel
  • Increased R&D spend to develop new recipes

What outcomes did private equity investment achieve?

  • Increased revenues from €24m in 2006 to €36m in 2012
  • Grew profitability from 14% to 17% of sales
  • Improved operations through 10% energy costs savings and 20% productivity increase
  • Increased exports to 40% of sales, up from 25%
  • Grew employee numbers by 18% to 132


increase in revenues to €36m


exports, up from 25%

Case study image

For more info

We've updated our privacy policy in response to the General Data Protection Regulation (GDPR) effective as of 25 May 2018. You can review our updated privacy policy and if you have any comments please contact us.

I have reviewed the updated Privacy Policy