Glenalta Food rises from the combination of the distinctive and complementary capabilities of its Founders who can boast a successful managerial background in the food sector, twenty years’ experience in corporate finance operations and private equity and a direct experience as a promoter of Italian SPACs.

Gino Lugli, after twenty years in Ferrero, eventually serving as CEO until January 2015, and Luca Giacometti joined forces, together with Stefano Malagoli and Silvio Marenco, to create Glenalta Food S.p.A., a brand-new SPAC (Special Purpose Acquisition Company) designed to invest in the Italian food industry.