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  September 5, 2001
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Home > Company Index > Food, Beverage & Tobacco > Agricultural Services > Spigadoro, Inc.

Spigadoro, Inc.
AMEX: SRO
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 PROFILE
Spigadoro switched from PCs to pasta. The company (formerly IAT Multimedia) sold off its money-losing computer businesses and purchased Italy-based Petrini S.p.A. from Gruppo Spigadoro. (As a result, it adopted the Spigadoro name and was listed on the AMEX.) The new Spigadoro now serves up pasta, including the Spigadoro brand, and Mediterranean food in more than 40 countries. It also operates an animal feed business, including more than 200 AgriPiu feed stores. As part of its plan to grow through acquisitions, Spigadoro purchased Pastificio Gazzola, Europe's largest private-label pasta maker. Gruppo Spigadoro, controlled by the family of co-chairman Jacob Agam, owns about 60% of the company; co-chairman Carlo Petrini owns 20%.

 COMPETITION
American Italian Pasta Company (PLB)
Barilla G & R Fratelli S.p.A. (dossier)
Nestlé S.A. (NSRGY)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 155.40
1-Yr. Sales Growth: 14.5%
Employees: 511
Revenue per employee: $304,109.59

 KEY PEOPLE
• Riccardo Carelli
    CEO
• Riccardo di Lorenzo
    CFO

 CONTACT INFO
70 E. 55th St., 24th Fl.
New York, NY 10022
US
Phone: 212-754-4271
Fax: 212-754-4044
Online: Web Site

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