Industry

Panapesca, from Pistoia frozen fish reaches the world

Objective: to increase the wholesale share to 60 million and the total turnover to 193 million by 2028from 148 million today

Stabilimento Panapesca

3' min read

3' min read

In Italy it is known for its network of more than twenty shops under the Bottega Marinara brand. Points of sale to which are added the four present in Abruzzo under the Sfizi e Delizie del Mare sign. Among insiders, it is a national reference point for frozen fish. Now Panapesca is looking for new outlets abroad, above all by turning to local distributors and the processing industry, i.e. mainly to that wholesale channel which today generates 90% of the turnover developed across the border and which, in total, taking Italy into account, is worth 42 million euro. ,

Objective: to increase the wholesale share to 60 million and the total turnover to 193 million by 2028 from the current 148. For the company from Massa e Cozzile, in the province of Pistoia, the international climb begins. "Today the export quota weighs in at 15%, a percentage that is still low: we have a long way to go,' explains the CEO Giovanni Sabino, who is reorganising the company by strengthening the sales network, investing in marketing and communication, improving production processes and creating greater synergies between the factories, thanks to a new operation manager.

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From the Tuscan headquarters, where growth strategies are decided and packaging is developed, Panapesca controls the two factories in Thailand and Morocco, as well as the commercial branch in France and the Italian branch in Morciano di Romagna, in the province of Rimini.

"We preside over Switzerland, Spain and Malta," explains Sabino, "but we want to enter the German and English markets, as well as strengthen ourselves in the United States, where we are expanding our network of importers, especially with product from Thailand. We also have a focus on the Arab Emirates, where we are trying to develop partnerships, South Korea and Japan'.

A new route that does not exclude food service and private label production for large-scale organised distribution. A course based on an integrated global development plan and no longer on individual initiatives as was the case until now, also in the wake of the increase in wholesale sales, which jumped by almost 7% in one year: they now account for 28% of turnover.

The company now employs 723 people, around 400 of whom are employed in the Thai factory, which produces mainly for North America and South East Asia. In the other Moroccan factory, which until now was only dedicated to octopus processing, production diversification is underway.

However, the foodservice channel remains a pillar, especially the horeca: in order to strengthen it, Panapesca has twenty new agents. If the goal is to develop on a global scale, the domestic market remains fundamental. "We still have little presence in Central and Southern Italy, with the exception of the horeca channel and large-scale distribution, which we preside over not only with private labels but also with our own brands," continues Sabino. Hence the idea of expanding the sales network to open new breaches to a medium-high quality offer, but with all price ranges. "We also operate in discount stores," confirms Sabino. The development plan of the company, controlled by the Italian private equity fund Xenon, in any case envisages investments in all sales channels.

"As for the shops, we are working to maintain them," says Sabino. "They are a showcase for our brands and a garrison of the territory. The strongest focus remains abroad, however, through the two subsidiaries in France and Thailand. Among the markets in which Panapesca wants to invest in addition to France itself are Singapore and Eastern Europe.

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