Italy-based meals main De Cecco has purchased tomato-products provider RossoGargano.
The deal, struck for an undisclosed sum, is predicted 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, based mostly in Foggia in southern Italy, sells merchandise together with canned tomatoes, purées and sauces.
De Cecco, finest recognized for its pasta, gives a spread that features gnocchi, rice and tomato merchandise.
“The deal goals to strengthen manufacturing and enhance margins in a market phase the place we already function,” De Cecco chairman Filippo Antonio De Cecco stated in a press release quoted by media retailers together with Forbes. “The acquisition permits us to immediately management each stage of the method, from rising to advertising.”
Simply Meals has approached De Cecco for additional particulars.
Household-owned De Cecco generated an estimated turnover of round €650m ($754.4m) in 2025, in accordance with 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 12 months earlier. Web revenue after taxes reached €15m, up from €11m the earlier 12 months.
In line 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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