Lantmännen has struck a deal to acquire Italian frozen bread manufacturer Panificio San Francesco. The Swedish co-op is to snap up the business for an undisclosed sum through its Copenhagen-based baking subsidiary Lantmännen Unibake. Panificio San Francesco is owned by private-equity firm ITAGO through its investment fund NEIP III SICAF, which holds a majority stake in the business. Private shareholders own the remaining minority shareholdings. In a statement, Lantmännen said the move showed its "commi ...