Private equity firm Investindustrial merges US private-label maker Winland Foods and Italy’s La Doria to create $4bn Windoria group. Sales of private label in the US exceed brands, driving the move. The new entity, led by CEO Eric Beringause, aims for global growth and acquisitions. La Doria recently acquired Clas and Pastificio di Martino businesses.

Read more at Yahoo Finance: Investindustrial merges Winland Foods and La Doria to form Windoria group