Monviso was founded in 1936 near Turin (Piedmont) as a producer of special handmade food for children and diabetics. In the early 1970s, the company began to increase its production to expand into the non-dietary food division. Under the Panmonviso brand, Monviso is one of Italy’s leading producers of bread substitutes, producing rusks, breadsticks, low-sodium products, biscuits and croutons. In addition, Monviso produces a complete line of gluten-free products for a primary player in the market.

In November 2012, Alto Partners sold its stake in Monviso to Private Equity firm PM & Partners.