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News

Italy: Steriltom acquires Italtom

13/07/2022 - Sophie Colvine
The Piacenza company completes its business plan: in 2021 the group achieved a consolidated turnover of 130 million euros and processed over 4.2 million quintals of tomatoes
 
The Steriltom group, European leader in the production of tomato pulp for the Food Service and Industrial channels, proceeded to purchase the minority shares owned by Emiliana Conserve SpA in Italtom Srl, already controlled by Steriltom. To date, the capital of Italtom, owner of a very modern industrial plant in the Ferrara area, is therefore 100% owned by the Steriltom group. With this choice Steriltom confirms its desire to consolidate its market position by diversifying its territorial presence with the two production complexes of Gragnano in Piacenza and Argenta based in Ferrara. The latter had been acquired in 2018 by the insolvency procedure following the bankruptcy of the former Ferrara Food.


After the massive investments made in Italtom in the last three years, Steriltom completes its industrial plan by consolidating its perimeter and demonstrating its belief in this new reality in the Ferrara area. Italtom has been in constant growth and in 2021 processed over 160,000 tonnes of fresh product, between conventional and organic, and employed almost 200 people between permanent and seasonal collaborators, creating among other things an important induced on the territory, especially in the agricultural field, where he works and collaborates with over 150 local farmers.
 
"The decision to take over the former Ferrara Food in 2018” commented Dario Squeri, CEO of Steriltom “was not easy and, in recent years, together with all our collaborators, we have had to work hard to ensure growth and profitability of the company that started from a complex situation. However, together we have achieved a great result in which we strongly believe and we have demonstrated it with this last operation. Thanks to all our colleagues for their commitment in recent years, which has allowed us to consolidate the Steriltom group which, to date, is recognized as a leader in the Food Service and Industrial channels throughout Europe. In 2021 the Steriltom group achieved a consolidated turnover of 130 million euros and processed over 4.2 million quintals of 100% Italian fresh tomatoes and employed over 700 people.

 
Source: Il Piacenza
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