Time of acquisitions even in Italy: Fiocchi Munzioni has just announced the acquisition of Baschieri & Pellagri, a renowned company specializing in superpremium hunting and shooting shotshells. “The merger of these two companies grows the position of these companies as the European leader of the hunting and shooting segment, but also provides a vertical integration to the group which will guarantee considerable synergies and a significant competitive advantage,” says Fiocchi in a press release.
With this acquisition, the Italian group will have 3 manufacturing plants located in two continents: the historical manufacturing plant of Fiocchi in Lecco, the hunting and shooting center of excellence of Baschieri & Pellagri in Marano di Castenaso and the manufacturing plant of Fiocchi of America in the United States. The newborn Fiocchi–Baschieri & Pellagri group represents a more than 200 million euro group, with more than 800 employees
Fiocchi–Baschieri & Pellagri, cooperation and integration
Established in Lecco in 1876, Fiocchi is a global leader in small caliber ammunition production, mainly addressing the civil market. Established in Marano di Castenaso in 1885, Baschieri & Pellagri is an historical Italian manufacturer of hunting and shooting superpremium shotshells. During its long history, the company has always been a reference for the quality of its products, today sold worldwide, and for its advanced technological solutions in the segment, powders in particular.
“We are happy to announce this highly strategic operation. Both companies have a unique historical heritage, strong R&D departments,and are appreciated worldwide by the most demanding hunters and shooters. The merger of the two companies will strengthen these unique features and will grant a solid advantage for our shooters competing on the world stage,” said Maurizio Negro, CEO of Fiocchi Munizioni. “Fiocchi has a profound admiration for Baschieri & Pellagri, for their history and for the people who made it possible to become a respected company. I’d like to thank the teams of the two companies who worked relentlessly, despite the difficult situation caused by the pandemic, to make this happen and that from now on will cooperate to integrate them and reach the highest potential generated from this merger,” adds Negro.
According to Stefano Fiocchi, President of Fiocchi Munizioni, “This operation writes an important page in the history of Fiocchi Munizioni. We are extremely happy to welcome Baschieri & Pellagri in our groupand are conscious that it will give a significant contribution to the growth of the group. From the merger of these two great heritages we will see the birth of a new company, that will become a leader in its segment. I wish both teams the best”.
The same feelings are echoed at Baschieri & Pellagri. “Fiocchi represents the best partner for Baschieri & Pellagri: both companies have established a solid industrial footprint and at the same time a strong brand positioning coupled to a heritage built on excellence, innovation, credibility and great results,” said Giovanni Ghini, Vice-president of Baschieri & Pellagri and reference shareholder.
According to the press release, the B&P manufacturing center of Marano di Castenaso, Italy, will be further strengthened to become the center of excellence for hunting and shooting.