QUALITY FOOD GROUPS.p.A.

The history

• DELSER’s history started in 1891 and took his namefrom the founder family living in Martignacco. It beganfrom the founder family living in Martignacco. It beganproducing biscuits, wafers, candies and shortly afterwardsbecame one of the first manufacturers of baby biscuits atthat time.

The history

• In the first years of 1900 Delser

became supplier of the Royal Housebecame supplier of the Royal House

and had the honour to have the Royal

Family as guest to visit the plant site for

two times.

• From then on Delser establishes itself

in all the italian territory attendingin all the italian territory attending

important exhibitions where the high

quality of its products has been

appreciated more and more.

The history

• The confectionery packs became very famous as well as the wafers

which were packed in a particular and original way. Candies were verywhich were packed in a particular and original way. Candies were very

known and appreciated during all their production life.

The history

The tins

The first biscuits

The historyThe present plant has been built in 1972 and has been enlarged many

times during the years.

Another important step has occured in 1976 when

Delser began the partnership with Barilla processingDelser began the partnership with Barilla processing

and producing the biscuits under the famous brand

MULINO BIANCO. For many years Delser has been

the sole production plant for all those biscuits.

In 2001 Delser changes its name in Quality Food

Group, always maintaining its traditions and history

.

PlantPlantTotal surface:

103.000 square meters of

which 35.000 occupied by

the production facilities.

200

Employees

Satellite view

Certified qualityOur certifications:

•ISO 9001:2008•ISO 9001:2008•IFS (International Food Standard) Higher level•BRC (British Retail Consortium) grade A•AIC(Associazione Italiana Celiachia) for using the Crossed Grain symbol•ORGANIC•Italian Ministry of Health specific authorization for the production of special dietary foods (baby foods, gluten-production of special dietary foods (baby foods, gluten-free, low-protein…)

From Delser’s origin to the present QFGthe company has been and still remainsone of the most renownedmanufacturers of high quality bakedmanufacturers of high quality bakedproducts in Italy.

As evidence of that QFG has been

producing for many years Baby food

and glutenfree products.

�Biscuits;�Baby Biscuits;�Crackers;�Salted snacks;

Products

�Salted snacks;�Wafers;�Catering products;�Chocolate products;�Gluten free products;�Aproteic biscuits and wafers;�Sugar free biscuits;�Low-fat products

Our range includes:

�Low-fat products

Licensing

•Biscuits with milk, honey and cereals•Biscuits with milk and cocoa•Hazelnut wafers Peppa Pig and friends!

You can find them on ourbaby biscuits and chocolate wafer

Biscuits-Snack: all the energy of Honey

Production� 8 high technology production lines:� 5 for the production of biscuits;

� 1 for the production of crackers;

� 1 for the production of gluten free

products (crackers, biscuits, baby biscuits);

� 1 for the production of wafers.

Production capacity about 45.000 tons/year.

Turnover: 2008 = € 30 millionTurnover: 2008 = € 30 million

2009 = € 32,5 million

2010 = € 33,5 million

2011 = € 38 million

2012 = € 45 million

2013 = € 54 million

2014 = € 55 million

2015 = € 56 million

11,6%

55%

33,4%

Turnover

Turnover per brands:

• Company’s brands: 11,6 % 55%company's brandsprivate labelindustrial brands

• Company’s brands: 11,6 %

• Private labels: 55 %

• Industrial brands : 33,4 %.

Estero Area’s turnover:

Italia 67,5%

Estero 32,5%

Area’s turnover:

�Italy: 67,5 %

�Export: 32,5 %

500 items currently in place

Industrial Clients & Brands

MELLIN (baby biscuits - Italy)

MILUPA (baby biscuits - worldwide)

BLEDINA (baby biscuits - worldwide)

NUTRICIA (wafers & gluten free biscuits – worldwide)NUTRICIA (wafers & gluten free biscuits – worldwide)

ALMIRON (baby biscuits - worldwide)

NESTLE’(baby biscuits - worldwide)

GERBER (baby biscuits - worldwide)

ALETE (baby biscuits - worldwide)

PERUGINA – ORE LIETE (catering biscuits - Italy)

HERO (baby biscuits - worldwide)

MAJANI (wafer - Italy)

HEINZ (Bi-Aglut , Aproten, aproteic and gluten free wafers, baby biscuits - worldwide) HEINZ (Bi-Aglut , Aproten, aproteic and gluten free wafers, baby biscuits - worldwide)

BARILLA (MULINO BIANCO gluten free cracker and biscuit)

ATLANTIC GROUPA (BEBI-DROGAKOLINSKA – baby biscuits - Russia)

DR. SCHAER (SCHAER, GLUTANO, BEIKER, gluten free wafers - worldwide)

MONDELEZ (LU Premium Crackers, TUC – Spain, France, Antilles)

NUTRITION&SANTE’ (CEREAL – crackers, Italy)

Private Labels

Italian Private labels: CONAD, COOP ITALIA, CARREFOUR, BENNET,CONAD, COOP ITALIA, CARREFOUR, BENNET,

AUCHAN-SMA, SIMPLY, SIGMA, DESPAR, SELEX,

VALE, IN'S (Dolcezze del Forno, Buongiorno Natura, Vita

Well), DICO, EUROSPIN (Prime Pappe), ARD Discount

(Sfornasole), Dpiù Discount (Fratelli del Grano, Le Buone

Novelle), MD Discount (Le Bon).

Export Market:More than 30% of the production exported in 40 countries.

Export

Main Private Label clients:LEADER PRICE (F), BOLTON CILE (PRIMA) (ES),

DUBOIS de La Roche (P), SANTIVERI (ES),

INTERMARCHE (CHABRIOR) (F), LECLERC (F),

BICKERY (NL), SAVOUR BAKES (IRL, UK), SUZIE’S

(USA).

Catering products:

LUFTHANSA and other airlines and catering groups throughout

the world.

Quality and R&DOur Quality Assurance + Control staff iscomposed by 8 food technologists graduated atthe University of Udine.

QFG has an internal laboratory in whichperforms more than 4.000 qualityanalysis/controls yearly on raw materials,finished goods, working and facilitiesenvironment and production lines.

R&D staff is made of 2 food technologists, graduated in Udine too, in

During the last years the partnership with the Food ScienceDepartment of the University of Udine has been growing up and thereis always some project concening innovation in place.

R&D staff is made of 2 food technologists, graduated in Udine too, incharge to study improvements, develop new products and manage allthe projects with our Customers.

QFG’s FINANCIAL STRUCTURE

On the 8th of May 2008,

the company Nuova Industria Biscotti CRICH, specialized inthe company Nuova Industria Biscotti CRICH, specialized inthe production of baked goods such as biscuits, wafers andcrackers has acquired the control of QUALITY FOODGROUP S.p.A.

The increased size of the group will allow us to optimize our

investments aimed at innovating our production process and

products. In essence, our aim is to increase our presence in allproducts. In essence, our aim is to increase our presence in all

retail segments both with our own branded products and also

with the many national and foreign private labels.

Layout of the plant

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WE ARE

New packaging line – baby biscuit

New storehouse