Roncadin aims to expand in the US

Intesa Sanpaolo has signed a new financing agreement with Roncadin, an important Italian producer of quality frozen pizzas, with a Sace guarantee, worth 14 million euros, for an internationalisation project through its US subsidiary Roncadin Holding Usa Corp.

The transaction involves the purchase and redevelopment of a plant in Chicago, as well as the construction of a new production line to make and distribute frozen pizzas to the North American market. The company has already been present in the US market for over ten years, but this will enable it to further intensify its business relationships with the main local food chains.

The financing forms part of the collaboration agreement on “supply chains”, which enables companies to receive support for their growth, internationalisation and production facility renewal projects, including by accessing dedicated financial solutions. Thanks to the bank’s “Supply Chain Development Programme”, 170 supply chain contracts have already been activated in Italy’s agri-food sector, involving more than 6.500 suppliers, with total turnover of over 22 billion euros and 22 thousand employees of the lead company.

The company, founded in 1992, currently employs around 780 people in the foothill area of the province of Pordenone and produces more than 100 million units a year, with turnover reaching 155 million euros in 2022. Roncadin produces pizzas both under its own brand and for national and international private labels, and has recently expanded its business by adding fresh doughs from the chilled counter to its range of frozen pizzas.

Roncadin’s aim is to continue growing by investing in its people, developing its plant, strengthening the brand in Italian and foreign markets, and acquiring small and medium-sized businesses operating in the pizza sector and related fields. This strategy will also have positive effects on the 600 suppliers located in around eighty Italian provinces, which Roncadin selects according to quality, ethical and sustainability criteria.

“Thanks to the financing from Intesa Sanpaolo,” declares Dario Roncadin, chief executive officer of Roncadin, “Roncadin’s long-standing major project is gaining even greater momentum: exporting the best of Italian agri-food products all over the world. We have been present in the US market since 2016, and our aim is to continue growing. This is not easy, however, because operating in North America requires major investment and meticulous work on every aspect of the production process, also due to the different and stringent health regulations, such as those concerning processed meats. The agreement reached with Intesa Sanpaolo also represents value for our suppliers, who will see their business opportunities multiply.”

This article was translated from the original Italian version with the assistance of artificial intelligence. In case of discrepancies, please refer to the original Italian version.