CDP supports De Cecco, the Abruzzo pasta leader on global markets

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The history of De Cecco since its beginnings in 1886 is linked to the ability to innovate and the determination of Filippo Giovanni De Cecco. In 1889, in spite of the cold weather of Fara San Martino, a town surrounded by the mountains of Abruzzo, Filippo Giovanni De Cecco did not lose heart and invented the first pasta drying machine, later mentioned in the Encyclopedia Treccani, freeing the production from climatic and seasonal factors.

De Cecco's vision did not stop with the efficiency of the production plant and he decided to launch himself on the overseas markets. The operation rewards him and in 1893 he wins the gold medal at the World's Columbian Exposition of Chicago for the superior manufacture, the color and the cooking of "Macaroni, Vermicelli".

In over a century of history, De Cecco has come a long way, becoming the third largest pasta company in the world, the second largest in Italy, present on the tables of over 109 different countries and with a turnover of almost 500 million euros.

Cassa Depositi e Prestiti believes in the development plans of the Abruzzo-based company, a flagship of Made in Italy, and is proud to have helped support it on global markets by taking over a 12.5 million euro share of the 21 million euro bond issued by De Cecco in 2018.

An important operation, aimed at supporting the dynamism and innovation profused by the Italian production fabric, in line with the corporate values of CDP and Filippo Giovanni De Cecco, who already brought Italian excellence to the world more than a century ago.

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