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De Cecco, the Italian pasta manufacturer, has signed a binding agreement to fully acquire RossoGargano, an agricultural consortium and tomato processor based in Foggia, Apulia.
The transaction is being completed with the financial support of Intesa Sanpaolo through its IMI Corporate & Investment Banking Division, which acted as the underwriting bank and provided the necessary financing. Expected to close by July, the deal allows De Cecco to secure full control of its production supply chain, encompassing everything from cultivation to final tomato-based preserves, while leveraging RossoGargano’s advanced technological infrastructure and logistics capabilities.
As a result of the integration, De Cecco forecasts total products sold to rise from 2.7 million quintals in 2026 to 4.5 million quintals in 2027. Within the same period, company turnover is projected to increase from €740 million ($794 million) to more than €1 billion ($1.07 billion). The move forms part of a broader €250 million ($268 million) investment strategy planned for the 2025–2029 period.
Filippo Antonio De Cecco, president of the board of directors at De Cecco, stated: “The integration of RossoGargano’s expertise and resources is a foundational step in the company’s long-term growth trajectory”.
Source: Italian Food.net / Intesa Sanpaolo
