Crosta Mollica Merges With Nestlé's European Pizza Spin-Off
London-based premium pizza company Crosta Mollica has merged with the European Pizza Group (EPG), a former spin-off of Nestlé’s frozen-pizza business in Europe. The combined entity is expected to generate €1 billion ($1.1 billion) in retail sales, leveraging EPG's established presence across ten markets and brands like Wagner and Buitoni alongside Crosta Mollica's UK-focused premium offerings. Crosta Mollica reported a significant increase in turnover from £49.2 million in 2024 to £67.6 million by June 2025, with operating profit rising to £7.6 million and net profit more than doubling to £8.1 million during the same period. The merger is expected to enhance growth through combined scale and capabilities while maintaining separate operations for both companies. The deal was facilitated in part by private equity firms PAI Partners and Perwyn, with Nestlé retaining a non-controlling stake alongside its partners.
Topics: Europe food pizza private equity