Italy’s renowned food manufacturer De Cecco has acquired the tomato product supplier RossoGargano.
This agreement, for an undisclosed amount, is anticipated to finalize next month. Italian banking institution Intesa Sanpaolo, which facilitated the deal, confirmed that De Cecco has gained “full ownership” of RossoGargano.
Located in Foggia, southern Italy, RossoGargano specializes in offering a variety of products, including canned tomatoes, sauces, and purées.
De Cecco, well-known for its pasta offerings, also provides an array of items such as gnocchi, rice, and tomato-based products.
“The acquisition is intended to enhance production efficiencies and improve profit margins within an area where we are already present,” stated Filippo Antonio De Cecco, chairman of De Cecco, as reported by various media, including Forbes. “This move grants us complete oversight of the entire process, from cultivation to marketing.”
As a family-owned entity, De Cecco reported an estimated revenue of approximately €650 million ($754.4 million) for the year 2025, according to a statement from January on the company’s website.
Italy represents 42% of De Cecco’s total sales, and the company employs around 1,200 individuals.
In 2024, De Cecco achieved revenues of €652 million, reflecting an 8.5% rise from the previous year. Its net profits after taxes totaled €15 million, an increase from the €11 million reported the prior year.
According to Forbes, De Cecco projects its revenues will reach €740 million by 2026, bolstered by contributions from RossoGargano, with a strategic goal of achieving €1 billion by 2027.