Icam Cioccolato, the Italian chocolate maker, has launched an ambitious expansion of its Orsenigo (Como) facility as part of a broader strategy to drive exports, growth and innovation. The investment aims to meet rising demand for premium, customizable chocolate and marks the first major initiative under the company’s new governance, established in 2024. The transition sees Adelio Crippa take the helm as CEO, while the third generation of the Agostoni-Vanini family steps onto the board. Giovanni Agostoni assumes the role of Chairman, with Luca Agostoni as Production Director and Sara Agostoni overseeing procurement and corporate social responsibility. Roberto Vanini joins as Quality Director.
To support the expansion, Icam has secured €56m in financing from a syndicate of banks led by Intesa Sanpaolo, including Cassa Depositi e Prestiti, Crédit Agricole, and Banca Popolare di Sondrio. “This is a pivotal agreement that will help position Icam among Italy’s leading agri-food companies,” says Marco Beltrami, the company’s CFO. Of the total funding, €40m will be invested in the site expansion, with the remaining €16m earmarked for financial restructuring.
The Orsenigo facility, set to expand by over 23,000 square meters across four levels, is expected to double production capacity by 2027. The project includes four new molding and packaging lines and a dedicated white chocolate production line, boosting output from 30,000 to 50,000 tonnes annually. An additional 700 square meters will house an Application Center for pastry chefs and an expanded Chococube training hub for industry professionals.
“Icam has delivered steady growth, surpassing €300m in revenue in 2024, with exports accounting for 60% of sales,” says Giovanni Agostoni. “This financing gives us a crucial edge in an uncertain global economy. Without external support, scaling at this level would be impossible. The backing from Intesa Sanpaolo and its partners enables us to double production capacity and strengthen our position in the cocoa and chocolate market—all while staying true to the values that have defined us since our founding.”