Business · Companies · 9 hrs ago
Clessidra acquires 70% of Italian food producer Citres
Clessidra has acquired a 70% stake in Citres, an Italian company that makes vegetable preserves, pestos and other foods.
Citres is based in Bovolone, in the province of Verona, and was founded in 1958.
The Compri family sold most of the company, while Lorena and Davide Compri will continue to lead its operations.
Citres reported revenue of €40 million in 2025, up from €27 million in 2021, and about 40% of its revenue comes from exports.
The new majority owner and the family aim to expand sales abroad, where demand for Italian-style products such as pesto is growing.
Citres plans to double production, with its factory expansion targeted to be operational by late 2028.
Clessidra acquired a 70% stake in Italian food producer Citres from the Compri family.
Citres makes vegetable preserves, including vegetables in oil and sweet-and-sour preparations, vegetable spreads and pesto.
The company plans to double production, with an expansion of its Bovolone plant targeted to be operational by the end of 2028.
Citres aims to drive growth mainly through increased sales abroad.
The Compri siblings will remain in operational leadership roles under the new ownership.
- Who
- Clessidra acquired the stake from the Compri family, which founded and runs Citres.
- What
- Clessidra acquired 70% of Citres.
- When
- The deal closed on Tuesday, according to the article published on October 15, 2026.
- Where
- Citres is headquartered in Bovolone, in the province of Verona, Italy.
- Why
- The stated aim is to accelerate Citres’s growth by expanding production capacity and strengthening sales abroad.
This story does not have two clearly opposing sides.
Citres was founded in Vallese di Oppeano.
Citres began operating from its new plant in Bovolone.
Citres reported revenue of 27 million euros.
Citres reported revenue of 40 million euros.
The 70% stake sale to Clessidra closed, according to the article published on October 15.
Citres aims to have its production expansion operational.
- Stake acquired
- 70%
- Citres headquarters
- Bovolone, province of Verona
- Citres founded
- 1958
- Revenue in 2025
- 40 million euros
- Share of revenue from exports
- 40%
- Expansion target
- Production capacity to double by the end of 2028
What people are saying
Our objective is to accelerate the development process by expanding production capacity, strengthening our presence in foreign markets and paying attention to ESG aspects along the supply chain.
We had long been looking for a partner who could strengthen our company and accelerate its growth, while building on the path we have taken so far.