Pasta De Cecco towards a billion turnover with the acquisition of Rossogargano
The Abruzzo-based spa announces that it has reached a binding agreement with the shareholders of the tomato processing company for control of the entire share capital
by E.Sg.
What better pairing than pasta and tomato? A symbol of Made in Italy that also works on the business side, as in the case of the synergies that the De Cecco Group wants to strengthen with the acquisition of Rossogargano's peeled tomatoes and sauces.
As stated in a note, in fact, 'F.lli De Cecco di Filippo Fara San Martino S.p.A. informs that it has reached a binding agreement with the shareholders of RossoGargano S.C.A.p.A., an agricultural consortium company limited by shares in Foggia, for the acquisition of the latter's entire share capital'.
RossoGargano is active in the production and processing of tomato-based products and food and vegetable preserves in general, managing and planning the cultivation of the raw material, taking care of the processing of its members' and third parties' agricultural products at its own plants, and promoting their marketing. As the note specifies, it is 'a leading player in the Italia market and has been successfully operating for years in three of De Cecco's main international markets'.
"We are particularly pleased to have reached this agreement with the shareholders of RossoGargano. It is an operation - says Filippo Antonio De Cecco, Chairman of the Board of Directors of F.lli De Cecco - of great strategic importance for the Group, which will allow us to complete and strengthen our production chain, improve our margins in a market segment in which we already operate successfully and offer our consumers products made with direct control of every stage of the process, from the cultivation of the raw material to the marketing. We are confident that this acquisition represents a fundamental step in the Group's growth path, and we look forward to integrating RossoGargano's excellent skills and resources into our business".
With the acquisition of Rosso Gargano and the start-up of the new production lines, "the total amount of products sold by the De Cecco Group is expected to rise from 2,700,000 quintals in 2026 to 4,500.000 quintals in 2027, while the Group's total turnover is estimated to rise from €740 million in 2026 to €1 billion in 2027," De Cecco adds.
In the years between 2025 and 2029, the De Cecco Group has plannedinvestments totalling a total of €250 million, of which €100 million has already been spent
