Italpizza, 58 million loan to upgrade plants
For the 430 million turnover company, 10-year contracts led by Unicredit and Sace Guarantee
2' min read
2' min read
Italpizza concluded an agreement for resources amounting to EUR 58 million through the signing of a series of bilateral financing contracts finalised with UniCredit, which acted as global coordinator, Banco Bpm, Bper and Cassa Depositi e Prestiti. The 10-year transactions are assisted by the Sace Guarantee and, reads a joint note, 'represent a strategic step to support the company's industrial growth and competitive positioning at home and abroad'.
In particular, the financing operation aims to improve and improve the plants in Modena; Castelbelforte, in the Mantua area; and Mortara, in the Pavia area.
Founded in 1991, Italpizza, specialising in frozen pizzas, has a turnover distributed 60% on foreign markets in 58 countries and a production capacity of more than 460 million pieces per year, both under its own brand and the brands of major international retailers. It employs more than 1,800 people and its 2024 turnover reached EUR 430 million. The core business is based on a technology that reproduces the pizzeria process, but on an industrial scale like a pizzeria: more than 24-hour rising of 100% of the dough, manual rolling out and baking in a wood-fired oven.
'The financing,' the note continues, 'is part of a wide-ranging investment plan that aims to reach a total production capacity of 575 million pizzas by 2028; and to create a logistics hub aimed at optimising the distribution of products across the national and international territory and supporting the company's continued growth in the coming years.
In light of the resources obtained, observes Andrea Bondioli, Managing Director and General Manager of Italpizza, "I would like to express my sincere thanks to the entire team of leading banks, UniCredit, Banco Bpm, Bper and Cdp, which contributed to the operation, showing full confidence in our industrial development plan. This financing is part of the broader growth and development strategy of our Group: it will allow us to guarantee the financial resources to support all planned strategic advances'.
