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News

Italy: Casalasco invests in the future

30/04/2020 - François-Xavier Branthôme - Lire en français

The Casalasco del Pomodoro Consortium (Pomì), in which the Simest company (CDP Group) is a shareholder, was granted a loan of EUR 160 million (approximately USD 176 million) from a pool of banks (see the attached press release). The operation involved several large credit institutions.

The cooperative intends to devote this funding to strengthening its financial structure and making significant investments both on the industrial and commercial levels, in particular for strengthening the presence of the Pomì and De Rica brands (owned by the Consortium) on the international markets.
For Costantino Vaia, the Director General of the Casalasco del Pomodoro Consortium, this is a "strategic operation intended to support the work already accomplished and especially the projects that we will carry out in coming years. It is not easy to talk about the future and about investing in "made in Italy" products during such difficult times for the country, but it is still possible. The food industry is once again demonstrating its strategic role and the major contribution it can make even in emergency situations like these.”

The Casalasco del Pomodoro Consortium is a cooperative that includes several hundred farms. The company is the Italian leader in the industrial processing of tomatoes. With more than a thousand employees and three processing sites, Casalasco is present in more than sixty countries around the world and relies on consolidated co-packing agreements with the main multinationals of the food sector, as well as on its Pomì and De Rica brands.
The latter of these brands was acquired by the Consortium in September 2017 from Generale Conserve spa, an Italian company specializing in canned foods. The Consortium closed 2019 with consolidated sales of EUR 310 million, up 17% against the previous year (EUR 265.2 million in 2018), two-thirds of which were generated on foreign markets.

Source: bebeez.it

Some complementary data

Consorzio Casalasco finanziamento 25 03 2020

Related companies

Casalasco Società Agricola S.p.A

Tomato processor See details

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