RNS Number:9699A
Burani Designer Holding N.V.
27 July 2007



BURANI DESIGNER HOLDING N.V. ACQUIRES GRANULATI ITALIA SPA



Burani Designer Holding N.V. (LSE AIM: BRDH), a company offering Italian
lifestyle products and services to customers world-wide, today announces the
acquisition of a 51% controlling interest in Granulati Italia SpA, a leading
manufacturer and distributor of high quality instant products for fine foods
based in Bergamo, Italy.

The acquisition, the fourth effected by BDH in the past six months, will be
carried out under a newly established holding company whose aim is to extend
BDH's reach into the internationally acclaimed Italian fine foods business.



GRANULATI ITALIA SPA



Granulati Italia SpA was founded in 1982 by Oscar Nesta in Bergamo, Italy to
develop instant food products for an international customer base. Today, the
company produces a full range of combined instant products including tea, coffee
and other beverages as well as a full range of desserts and ice creams for its
own brands including 'Boston' and 'Gelati Italia' which are distributed to
retail and wholesale customers internationally. Over 20% of the Company's
revenues are generated from export markets including Europe and Eastern Europe,
Far East, Morocco, Lebanon, South Africa, United States, Cuba and Australia.

The Company generated revenues of Euro10.7 million, EBITDA of Euro1.4 million and EBIT
of Euro1.3 million in 2006, reflecting a 12.7% EBIT margin.   Net Debt at December
31, 2006 was Euro1.7 million.



THE TRANSACTION



BDH acquired a 49% equity interest in Granulati Italia SpA via its new fine
foods subsidiary for Euro3 million cash to be paid at closing. In addition, the
Group acquired 2% of the voting rights of Granulati Italia SpA for Euro50,000, with
a call option to acquire up to 10% of the shares of Granulati Italia SpA at the
expiry of the 2% voting rights.  The shares and voting rights were acquired from
Oscar Nesta, founder of Granulati Italia SpA, who is expected to retain equity
interest and continue in his role as CEO, in line with BDH's successful business
model.

Commenting on the acquisition, Giovanni Burani, Executive Chairman of BDH, said:

"We are pleased to welcome Granulati Italia into our Group and are convinced
that, together, BDH and Granulati Italia are well positioned to expand
internationally in the Italian fine foods market".




Enquiries:

Burani Designer Holding N.V

Investor Relations & Strategic Development                    Corporate Communications
Carol Brumer                                                  Daniela Zari
Via Montenapoleone, 2                                         Via Montenapoleone,3
Milano, 20129 ITALY                                           Milano, 20129 ITALY
Tel: +39-(0)2-76420111                                        Tel: +39-(0)2-76015354
Fax: +39-(0)2-781480                                          Fax: +39-(0)2)76009545
e-mail: cbrumer@mariellaburani.com                            e-mail: dzari@mariellaburani.com



Citigate Dewe Rogerson - International Media/Analysts        Tel: +44 207 638 9571

Kate Delahunty/Sarah Gestetner




                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

ACQUNSWRBURBUAR

Burani (LSE:BRDH)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Burani Charts.
Burani (LSE:BRDH)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Burani Charts.