Sammontana, a renowned ice-cream and frozen goods producer headquartered in Italy, has been awarded a generous grant of €15 million ($16.5 million). This substantial funding will be utilized to establish an advanced production line for their operations.
The state-backed Italian development bank, Cassa depositi e prestiti (CDP), has provided the necessary funds for the Empoli-based company to construct a cutting-edge ice-cream production line at its Colognola ai Colli facility.
Sammontana has announced that the installation of the new production line in the Verona region will lead to a significant boost in its production capacity while simultaneously reducing the company’s environmental footprint. Their primary goal is to minimize the consumption of primary raw materials during the production process.
The transaction was finalized under the Green Guarantee program offered by SACE, an Italian export credit agency fully owned by the Italian Ministry of Economy and Finance (MEF).
Leonardo Bagnoli, chief executive officer of Sammontana, said, “This collaboration with SACE and CDP represents an important new step for our development in a sustainable key and in the Italian market.
“The deal consolidates our commitment for the future to create quality products capable of satisfying the needs of consumers and bringing smiles to everyone’s homes. We are very happy that SACE and CDP are supporting us in this goal, helping to generate a better future for everyone.”
Established in 1948, Sammontana currently runs three production facilities across Italy, employing approximately 1,000 personnel. Additionally, the company boasts an extensive network of over 200 dealers and distributors.
Earlier this year, in another development within the Italian ice-cream industry, Italpizza, a frozen pizza company, acquired a controlling stake in the ice-cream business, Italgelato.
Italpizza, which had previously held a minority interest in the company, further expanded its presence in the ice-cream market by acquiring Mantua Surgelati for €60 million (formerly $63.5 million) in October of the preceding year.
