Italy-based food major De Cecco has bought tomato-products supplier RossoGargano.
The deal, struck for an undisclosed sum, is expected to close next month. Italian bank Intesa Sanpaolo, which advised on the transaction, said De Cecco had acquired “full ownership” of the business.
RossoGargano, based in Foggia in southern Italy, sells products including canned tomatoes, purées and sauces.
De Cecco, best known for its pasta, offers a range that includes gnocchi, rice and tomato products.
“The deal aims to strengthen production and improve margins in a market segment where we already operate," De Cecco chairman Filippo Antonio De Cecco said in a statement quoted by media outlets including Forbes. “The acquisition allows us to directly control every stage of the process, from growing to marketing.”
Just Food has approached De Cecco for further details.
Family-owned De Cecco generated an estimated turnover of around €650m ($754.4m) in 2025, according to a statement on the company’s website dated January.
Italy accounts for 42% of the group’s sales. It employs around 1,200 staff.
In 2024, the company booked revenue of €652m, an 8.5% increase on a year earlier. Net profit after taxes reached €15m, up from €11m the previous year.
According to Forbes, De Cecco estimates its revenue will reach €740m in 2026, including a contribution from RossoGargano. The group has a target of €1bn in 2027.
