Home / Business and Economy / De Cecco Buys RossoGargano for Expansion
De Cecco Buys RossoGargano for Expansion
16 Jun
Summary
- De Cecco acquired full ownership of RossoGargano.
- The deal aims to strengthen production and improve margins.
- De Cecco projects revenue to reach €1bn by 2027.
De Cecco, a prominent Italian food company, has finalized the acquisition of RossoGargano, a supplier specializing in tomato products. The deal, for which the sum remains undisclosed, is expected to conclude next month.
RossoGargano, located in Foggia, southern Italy, offers a range of products including canned tomatoes, purées, and sauces. This acquisition is intended to strengthen De Cecco's production capabilities and improve margins in its existing market segment.
The acquisition allows De Cecco, renowned for its pasta, to gain direct oversight of its supply chain, from farming to final marketing. The company anticipates this move will contribute to its ambitious growth targets.
De Cecco reported an estimated turnover of €650m in 2025, with Italy accounting for 42% of its sales. The company has projected its revenue to reach €740m in 2026 and aims for €1bn by 2027.
