Buffett’s Marmon Buys Italy’s Dominioni in Pasta-Equipment Wagerby
Fabrizio Dominioni to remain leader of family-run business
Purchase builds on Marmon’s Angelo Po deal in Italy this year
Marmon Holdings Inc., a unit at Warren Buffett’s Berkshire Hathaway Inc., bought pasta-equipment maker Dominioni Punto & Pasta Srl, extending its expansion in Italy.
Dominioni, a family-run business founded in 1968, provides products for restaurants, caterers and manufacturers and will remain based in Lurate Caccivio and managed by Fabrizio Dominioni, according to a statement Tuesday from the buyer.
Marmon was acquired by Berkshire in 2008 and has units that lease railroad cars, produce industrial products and provide highway components. The Chicago-based company has been expanding its food-services segment, announcing a deal in 2013 to buy a beverage-dispenser business for $1.1 billion and the purchase this year of catering-equipment firm Angelo Po, which is also based in Italy.
“Dominioni is an important addition to our organization,” Fabrizio Valentini, chief executive officer of Marmon’s food, beverage and water-technologies operation, said in the statement, which didn’t disclose terms. “With Angelo Po, it will significantly contribute to our company’s growth, both geographically and technologically, as we continue to invest in the worldwide food-service, restaurant, and catering market.”
Dominioni’s offerings including models that knead dough and produce gnocchi along with a table-top unit that can serve as many as 120 pasta portions an hour, according to the statement. Marmon has about 20,000 employees and said it generated revenue of $8 billion last year.