Cifarelli & PMG Taral
EXCITING MERGER ANNOUNCEMENT
CIFARELLI SPA ACQUIRES STAKE IN PMG TARAL
We are thrilled to announce a significant milestone in the growth and strategic development of both Cifarelli Spa and PMG Taral. Cifarelli Spa has successfully completed on November 2023 the acquisition of a stake in PMG Taral, marking the beginning of a collaborative journey towards future product development, enhanced global distribution, and optimized supply chain operations.
Key Objectives of the Merger:
1. Joint Product Development: The merger brings together the expertise and capabilities of Cifarelli Spa and PMG Taral to drive innovation and create cutting-edge products. By combining our strengths, we aim to set new benchmarks in the industry.
2. Global Distribution Network: Leveraging the extensive international distribution network of Cifarelli Spa, PMG Taral will gain access to new markets and opportunities. This strategic advantage will not only expand our reach but also foster increased market presence.
3. Optimized Supply Chain: The integration of supply chain operations will result in increased efficiency and cost-effectiveness. We are committed to streamlining processes, reducing lead times, and ensuring a seamless flow from production to delivery.
PMG TARAL, founded in 2019 with the partnership of MAPAS A.S., GEM A.S., and French company PUBERT S.A., started to produce tillers in Eskisehir, Turkey, after the acquisition of the brand name rights and the production lines of TARAL, which was one of the famous and oldest brands in Turkey.
In a short time, PMG TARAL has managed to become again one of the leading brands in the sector.
With this operation, and with the distribution of Zanon beaters from 2023, PMG Taral plans an expanded presence in olives business.
This merger represents a strategic alignment of our visions and a commitment to delivering unparalleled value to our customers and partners. We are confident that the combined strengths of Cifarelli Spa and PMG Taral will pave the way for sustained growth and success.