The company based in Cisterna di Latina (near Rome), is the market leader in the production of frozen ready-to-heat meals and crêpes for the private label channel in Italy. Gelit is the manufacturing partner of all the main Italian mass retailers and has a strong presence abroad in particular in US.

In May 2019, the CPEF III acquired a syndacated majority stake (together with Progressio SGR) in Gelit through a management buy-out transaction.