Italian fruit preserve maker Rigoni di Asiago has secured a €37.5mn financing package from a consortium of leading banks, including Banco BPM, UniCredit, illimity Bank, and Sparkasse – Cassa di Risparmio di Bolzano, as it looks to accelerate its global expansion and boost production capacity.
The funds will support the company’s growth strategy, focusing on strengthening its presence in key foreign markets, expanding manufacturing capabilities, and investing in innovation and sustainability. The financing aims to enhance Rigoni di Asiago’s competitiveness through improved operational efficiency and resource management.
RIGONI DI ASIAGO: EXPANSION PLAN
Cristina Rigoni, chief executive of the company, welcomed the deal, highlighting the long-standing relationship with its financial partners. “This financing allows us to pursue a solid and ambitious growth plan with confidence. The strong start to the year reinforces our optimism as we continue to deliver high-quality, natural products with the same dedication that has always defined us.”
PUSH INTO NEW MARKETS AND PRODUCTION SCALE-UP
The company is prioritizing expansion in Germany, France, the Benelux region, and Northern Europe while also eyeing new markets in the Middle East. The financing will also fund targeted investments in production capacity and research and development initiatives.
Rigoni di Asiago was advised by Livingstone Partners on financial matters and by the law firm Ashurst on legal aspects, while the banking consortium was represented by Dentons.