“I bought this wonderful brand more than 30 years ago. Today, Bialetti is an international company with great potential. Over the years, we have gone through some difficult times, but with passion, dedication, and team spirit, we have always managed to look ahead and grow the company. The entry of NUO now represents a strategic lever to further strengthen the brand and consolidate its position in foreign markets”. With these words, Francesco Ranzoni, as Chairman of the Board of Directors of Bialetti Industrie S.p.A., commented on what is certainly a historic step for the Italian company.
Specifically, NUO Octagon (50% owned by Luxembourg-based NUO Capital, a private equity fund controlled by the Chinese Pao-Cheng family) has signed an agreement to purchase 78.56% of Bialetti’s share capital. The closing is expected to take place by the end of June 2025. After more than a century of history, the Italian company, manufacturer of Moka and espresso coffee machines, is thus entering a new phase.
“Today, Bialetti is a more solid company, with a clear strategic vision and a globally recognized brand – Egidio Cozzi, CEO of Bialetti Industrie S.p.A., explains –. This milestone is the result of the constant commitment, the determination of our team, and the trust placed in us by our stakeholders. The entry of NUO opens a new chapter full of opportunities: we will continue to invest in innovation, internationalization, and authenticity, always keeping the passion for coffee and the excellence of Made in Italy at the center”.
New growth objectives
The agreement is part of a broader operation linked to the refinancing of Bialetti’s debt with the aim of promoting the growth and development of the company and the companies in the group headed by it.
“Bialetti – Tommaso Paoli, CEO of NUO, said – represents a significant and wonderful challenge for us, setting us new growth targets for a historic brand of Italian culture and tradition. We were founded in Milan and since 2016 we have invested over €400 million of private capital in Made in Italy, in companies that can now count on new organizational and management models, increasingly open to international markets, while maintaining their independence and identity. We are excited to put the resources and expertise necessary for a new phase of development for Bialetti and our territory at the service of one of our country’s most significant brands”.
The main milestones in Bialetti’s history
The history of Bialetti began in 1919 when Alfonso Bialetti opened a workshop for the production of semi-finished aluminum products in Crusinallo, a small hamlet of Omegna (Piedmont). The company quickly grew and became Alfonso Bialetti & C. In 1933, Moka Express was born, and in 1993 Rondine acquired Bialetti. In 2006, the Bialetti Store project was launched with the opening of the first single-brand retail stores in Italy. The following year, Bialetti Industrie was listed on the Italian Stock Exchange, while in 2010 the espresso system was launched, embracing the challenge of capsule espresso machines. In 2014, the company introduced Moka Induction, and in 2020 the Bialetti espresso machine range was expanded with Gioia. It is an ultra–compact machine (less than 34 cm in depth) that uses recyclable aluminum capsules. Finally, among the most recent innovations is Perfetto Moka coffee.
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