Pasta Berruto, a historic Italian company with a 90% export rate, is set to enhance its production capabilities with a €10 million loan from Intesa Sanpaolo.
This funding, secured through the bank's Agribusiness Division and backed by Sace's Garanzia Futuro, is part of a broader €19.5 million investment plan spanning 2024 to 2028.
The investment will focus on establishing a new production line for short pasta, upgrading equipment, and making structural improvements to facilities.
Pasta Berruto, based in Piedmont, exports to approximately 100 markets worldwide.
The company ensures rigorous quality control across all production stages, from raw materials to packaging, storage, and shipping.
Its products are certified by major international bodies, including BRC, IFS, organic, Halal, and Kosher certifications.
Stefano Berruto, CEO of the family-run business, emphasizes the high-quality collaboration with Intesa Sanpaolo, which has been instrumental in the company's international growth and innovation efforts.
For Intesa Sanpaolo, this financing marks one of the initial ventures in the agribusiness sector utilizing Sace's Garanzia Futuro.
Massimiliano Cattozzi, head of the Agribusiness Division, notes that many companies recognize the importance of investing in competitiveness, leveraging the group's strength and existing incentive systems.
This initiative is part of the 'Crescita Agri' program, which aims to support production development, sustainability, internationalization, and digital security.
The program is a component of Intesa Sanpaolo's broader 'Your Future is Our Business' initiative, which allocates €120 billion to Italian enterprises, with €20 billion dedicated to the agri-food sector in collaboration with Masaf.