Nexture Debuts as Holding Company for CSM Ingredients and Italcanditi with EUR425m Bond Pricing
A new global force in food ingredients has officially launched with the debut of Nexture, a holding company bringing together the CSM Ingredients Group and the Italcanditi Group under a unified banner. Headquartered in Milan, Nexture’s creation is backed by Investindustrial and marks a key step in the evolution of the Ingredient-Tech Platform established in 2022.
The launch coincides with the successful pricing of EUR425m in Senior Secured Floating Rate Notes due 2032, which are expected to be issued at 99.000% and listed on multilateral trading facilities in the EU. The notes carry a quarterly reset rate of three-month EURIBOR plus 4.00%, with a 0% floor. Subject to closing conditions, the transaction is expected to complete on July 24, 2025.
The gross proceeds will be used to refinance existing debt of both CSM Ingredients and Italcanditi, support general corporate purposes, and fund transaction-related fees. Nexture also plans to enter into a EUR80m multi-currency revolving credit facility in connection with the bond issuance.
With combined sales exceeding EUR800m, Nexture positions itself as a leading platform for high-quality, value-added food ingredients. The company operates 13 production facilities, 10 innovation centres, and serves customers in over 120 countries, supported by a workforce of more than 2,000 employees.
Nexture integrates a suite of complementary businesses, including:
- CSM Ingredients – a global player in bakery and fine pastry;
- HIFOOD – an R&D hub for natural, clean-label innovations;
- Vitalfood by Italcanditi – specialists in fruit-based and water-based preparations;
- Comprital and Prodotti Rubicone – renowned Italian gelato brands known for their trend-forward, health-focused formulations.
CEO Gabriele Del Torchio highlighted the group’s global ambitions, including targeted growth in the USA, China, and the MENA region, supported by HIFOOD innovations, a Shanghai plant, and a joint venture in Tunisia.