Balconi Dolciaria is a large Italian company specialized in the production of cakes made with sponge cake. Founded in 1953 as a simple artisanal pastry shop, created by pastry chef Michele Balconi, Balconi has a factory which covers an area of 20,000 square metres, employs 12,000 people and over 5,000,000 products are produced daily.
In June 2015, Valeo Foods purchased the company, 80% of which was owned by Clessidra, an Italian private equity house, and the remaining 20% from the Balconi family.[1][2]
References
- Valeo to seal €200 million Italian deal Irish Times, 6 May 2015, retrieved 6 November 2015