Fondo Agroalimentare Italiano I and Fondo Cresci al Sud complete successful sale of stakes in Frigomeccanica

The support of institutional investors, FAI and Fondo Cresci al Sud, enabled Frigomeccanica to strengthen its market position through organic growth and the completion of its product range

Frigomeccanica joins the Arneg Group and will begin a new phase of growth and development with the support of its new shareholder and under the continued leadership of Enzo di Serafino

Mosciano Sant’Angelo & Campo San Martino, July 14^th, 2025 – Fondo Agroalimentare Italiano I, managed by Unigrains, and Fondo Cresci al Sud, funded with resources from the development and cohesion Fund and managed by Invitalia, have successfully completed the sale of their stakes in Frigomeccanica, an Italian leader in refrigerated equipment, furniture and technological components for ice cream, coffee, pastry and retail shops. This transaction represents the 5^th divestment for Fondo Agroalimentare Italiano I and the 1^st for Fondo Cresci al Sud.

The exit of the financial investors takes place in the context of a majority acquisition by the Arneg Group, an international leader in the design, production and installation of equipment for the retail sector. Frigomeccanica’s CEO, Enzo Di Serafino, has retained a minority stake in the company.

The 2021 joint investment by FAI and Fondo Cresci al Sud in Frigomeccanica alongside Enzo Di Serafino enabled the company to implement an ambitious organic growth strategy through significant investments in its production infrastructure and human resources, achieving growth of over 20% over the past four years.

With sales of 29 M€, Frigomeccanica currently employs around 160 people, manages 7 brands and 6 product categories, with an annual production of approximately 8,000 units including display cases and bar counters, and generates over 20% of its revenue from international markets.

After a period of significant growth and success, Frigomeccanica is now ideally positioned to continue its development under the leadership of Arneg, a market leader. The strong commitment of Enzo Di Serafino will ensure continuity and further momentum during this transition phase.

Enzo Di Serafino, CEO of Frigomeccanica, declared: “Frigomeccanica’s entry into the Arneg Group represents a great opportunity. Our solid experience in commercial refrigeration and furnishings for the Ho.Re.Ca. sector, combined with Arneg’s proven expertise in retail, will create a successful synergy. We are excited to work with the Arneg family to achieve our growth and competitiveness goals.”

Francesco Orazi, Managing Director of Fondo Agroalimentare Italiano I and CEO of Unigrains Italia, declared: “For Frigomeccanica, this transaction represents a key strategic step that, by strengthening both the commercial and production areas, will lead the company into a new phase of expansion and development.”

Filippo Marzaro, CEO of Arneg S.p.A, declared: “We are pleased to welcome Frigomeccanica into our extended family. We share the same philosophy: a culture of excellence rooted in artisanal know-how, combined with a strong drive for innovation. It is the same spirit that has driven Arneg since 1963 and has guided Frigomeccanica for over 50 years. Together, we will create synergies, opportunities, and cutting-edge solutions to meet our customers’ needs with value and continuity.”