Who Owns Newlat Company?

Who Owns Newlat Food S.p.A.?

Understanding a company's ownership is key to its strategic direction. Newlat Food S.p.A., now NewPrinces S.p.A. as of May 2025, had its IPO in October 2019.

The company, founded in 2004, has grown into a multinational agri-food group. As of December 31, 2024, the group reported revenues of €2.77 billion.

Who owns NewPrinces S.p.A.?

The ownership of NewPrinces S.p.A. (formerly Newlat Food S.p.A.) has evolved since its inception. Initially part of the Parmalat group, the Mastrolia family has played a significant role in its development and control. Following the IPO in October 2019, public shareholders also became stakeholders. The company's diverse product portfolio, which includes items analyzed in the Newlat BCG Matrix, reflects its broad market presence.

Newlat Food S.p.A. originated in 2004 as a component of the Parmalat group. The pivotal moment in its ownership history occurred in 2008 when the Mastrolia family, with deep roots in the agri-food sector since 1929, assumed control by acquiring the company's €36 million debt. This acquisition firmly established the Mastrolia family as the primary owners of Newlat.

Founding Year

Newlat Food S.p.A. was established in 2004. It began as part of the larger Parmalat group.

Acquisition of Control

In 2008, the Mastrolia family took over control of Newlat. This was achieved by acquiring the company's debt of €36 million.

Family Legacy

The Mastrolia family has a significant history in the agri-food industry. Their involvement in this sector dates back to 1929.

Initial Specialization

At its inception, Newlat's operations focused on milk products and pasta. This formed the core of its early business.

Growth Strategy

The Mastrolia family, under Angelo Mastrolia's leadership, has prioritized mergers and acquisitions. This strategy often involves restructuring struggling industrial assets.

Primary Ownership

The acquisition in 2008 solidified the Mastrolia family's position. They became the principal owners, guiding the company's direction.

The Mastrolia family's acquisition of Newlat in 2008 marked a significant turning point, establishing them as the primary owners. Their strategic approach, spearheaded by Angelo Mastrolia, has consistently involved leveraging mergers and acquisitions to drive growth and diversification, often by revitalizing underperforming industrial assets. This M&A focus has been instrumental in shaping the company's trajectory and expanding its market presence. Understanding this foundational ownership is key to grasping the Marketing Strategy of Newlat.

Key Ownership Details

The Mastrolia family is the majority shareholder of Newlat. Their control was established through a debt acquisition in 2008.

• Founding: 2004, initially part of Parmalat.
• Family Control: Mastrolia family since 2008.
• Acquisition Method: €36 million debt takeover.
• Family's Agri-Food Roots: Dating back to 1929.
• Leadership: Angelo Mastrolia.
• Strategic Focus: Mergers and acquisitions.

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Newlat Food S.p.A.'s ownership structure has seen significant shifts, particularly following its listing on the Milan Stock Exchange in October 2019. The company's strategic acquisition path has also influenced its stakeholder landscape.

The Mastrolia family remains a cornerstone of Newlat's ownership, reportedly holding a substantial 60% of the group's shares as of September 2023. This significant stake underscores their continued influence over the company's direction. Newlat Group S.A., the parent entity, held 40.97% of Newlat Food's ordinary shares and 58.13% of the total voting rights as of April 2025, indicating a strong controlling interest. A pivotal moment in the company's ownership evolution occurred in May 2024 with the acquisition of Princes Limited. As part of this transaction, Newlat Group S.A. transferred 9,319,841 shares of Newlat Food, representing 21.2% of its capital, to Mitsubishi Corporation for approximately €58 million, a move completed on July 30, 2024.

Key Ownership Details

Understanding who owns Newlat is crucial for grasping its strategic direction and financial stability. The company's ownership structure reflects both family influence and public market participation.

• Newlat Food S.p.A. is listed on the Milan Stock Exchange.
• The Mastrolia family holds a significant majority stake.
• Newlat Group S.A. acts as the parent company with substantial voting rights.
• Recent share transfers have involved Mitsubishi Corporation.
• The Mission, Vision & Core Values of Newlat guide its operational philosophy.

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As of April 2025, the Board of Directors for Newlat Food S.p.A. is led by Chairman Angelo Mastrolia. Key executive positions are held by Giuseppe Mastrolia as Co-CEO and Chief Commercial Officer, Benedetta Mastrolia as Head of Investor Relations, and Stefano Cometto as Co-CEO. The significant presence of Mastrolia family members on the board underscores their substantial ownership and influence within the company.

The voting power within Newlat Food S.p.A. is structured through ordinary shares, with a portion carrying increased voting rights. As of April 16, 2025, the company had 43,935,050 ordinary shares, which collectively represented 61,935,050 voting rights. This total includes 18,000,000 ordinary shares with enhanced voting rights, contributing 36,000,000 votes, and 25,935,050 ordinary shares without these enhanced rights, accounting for 25,935,050 votes. The provision for increased voting rights is contingent upon shares being held by the same entity for a minimum of thirty-six months. Newlat Group S.A., identified as the controlling shareholder, demonstrated its significant control by being the sole entity to present a list for the appointment of the Board of Directors for the 2025-2027 term, a key indicator of Newlat company owner influence.

Understanding Newlat Company Ownership

Newlat Food S.p.A.'s ownership structure is heavily influenced by the Mastrolia family. Their control is evident in board appointments and voting rights distribution.

• Angelo Mastrolia chairs the Board.
• Mastrolia family members hold key executive roles.
• Increased voting rights are granted for long-term shareholding.
• Newlat Group S.A. is the controlling shareholder.
• The company's Revenue Streams & Business Model of Newlat is managed under this ownership structure.

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Newlat Food S.p.A. is undergoing a significant transformation, rebranding to NewPrinces S.p.A. in May 2025. This strategic move follows the acquisition of Princes Limited in July 2024, a development that is expected to substantially broaden the company's product offerings and international reach. The combined entity, New Princes Group, has set an ambitious revenue target of €5 billion by 2030.

The company's recent activities highlight a dynamic approach to growth and capital management. The sale of approximately 6.8% of its share capital for €36 million in February 2025, alongside the issuance of a bond loan in the same month, indicates a strategy to bolster financial resources. These actions are likely in support of its aggressive expansion plans, including the recent acquisition of Princes Limited and the agreement to purchase Diageo's production site. The Growth Strategy of Newlat is clearly focused on both organic expansion and strategic acquisitions to consolidate its market position.

Strategic Rebranding

Newlat Food S.p.A. is set to become NewPrinces S.p.A. in May 2025. This rebranding signifies a new era for the group following a major acquisition.

Acquisition-Led Growth

The acquisition of Princes Limited in July 2024 is a key driver of expansion. The company aims for €5 billion in revenues by 2030.

Capital Management

In February 2025, the company sold a portion of its shares for €36 million. A bond loan was also issued to support financial objectives.

Operational Expansion

An agreement to acquire a production site in Italy was made in May 2025. This move is intended to bolster the company's presence in the drinks sector.

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