Italy-based meals main De Cecco has purchased tomato-products provider RossoGargano.
The deal, struck for an undisclosed sum, is anticipated to shut subsequent month. Italian financial institution Intesa Sanpaolo, which suggested on the transaction, stated De Cecco had acquired “full possession” of the enterprise.
RossoGargano, primarily based in Foggia in southern Italy, sells merchandise together with canned tomatoes, purées and sauces.
De Cecco, finest identified for its pasta, provides a variety that features gnocchi, rice and tomato merchandise.
“The deal goals to strengthen manufacturing and enhance margins in a market section the place we already function,” De Cecco chairman Filippo Antonio De Cecco stated in a press release quoted by media shops together with Forbes. “The acquisition permits us to instantly management each stage of the method, from rising to advertising and marketing.”
Simply Meals has approached De Cecco for additional particulars.
Household-owned De Cecco generated an estimated turnover of round €650m ($754.4m) in 2025, based on a press release on the corporate’s web site dated January.
Italy accounts for 42% of the group’s gross sales. It employs round 1,200 workers.
In 2024, the corporate booked income of €652m, an 8.5% enhance on a yr earlier. Internet revenue after taxes reached €15m, up from €11m the earlier yr.
In keeping with Forbes, De Cecco estimates its income will attain €740m in 2026, together with a contribution from RossoGargano. The group has a goal of €1bn in 2027.
“De Cecco snaps up Italian peer RossoGargano” was initially created and printed by Simply Meals, a GlobalData owned model.
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