De Cecco snaps up Italian peer RossoGargano

Italy-based nutrient large De Cecco has bought tomato-products supplier RossoGargano.

The deal, struck for an undisclosed sum, is expected to adjacent adjacent month. Italian slope Intesa Sanpaolo, which advised connected the transaction, said De Cecco had acquired "full ownership" of the business.

RossoGargano, based successful Foggia successful confederate Italy, sells products including canned tomatoes, purées and sauces.

De Cecco, champion known for its pasta, offers a scope that includes gnocchi, atom and herb products.

"The woody aims to fortify accumulation and amended margins successful a marketplace conception wherever we already operate," De Cecco president Filippo Antonio De Cecco said successful a connection quoted by media outlets including Forbes. "The acquisition allows america to straight power each signifier of the process, from increasing to marketing."

Just Food has approached De Cecco for further details.

Family-owned De Cecco generated an estimated turnover of astir €650m ($754.4m) successful 2025, according to a connection connected the company's website dated January.

Italy accounts for 42% of the group's sales. It employs astir 1,200 staff.

In 2024, the institution booked gross of €652m, an 8.5% summation connected a twelvemonth earlier. Net nett aft taxes reached €15m, up from €11m the erstwhile year.

According to Forbes, De Cecco estimates its gross volition scope €740m successful 2026, including a publication from RossoGargano. The radical has a people of €1bn successful 2027.

"De Cecco snaps up Italian adjacent RossoGargano" was primitively created and published by Just Food, a GlobalData owned brand.