Roncadin S.p.A. secured an 18 million euro investment from SIMEST and the BCC Iccrea Group to establish a production facility in the U.S., targeting the growing demand for Italian frozen pizzas.

Information on the Target

Roncadin S.p.A., headquartered in Meduno, Pordenone, has been a leader in producing high-quality Italian frozen pizza since its establishment in 1992. With a workforce exceeding 800 employees, the company achieved a consolidated revenue of over 200 million euros in 2024 and operates a factory capable of producing 100 million pizza units annually. Roncadin prides itself on utilizing the finest raw materials and a production method that replicates traditional pizza-making techniques, including wood-fired baking on stone and hand-finished toppings.

In a significant step towards international growth, Roncadin is set to establish a new production facility in the United States, reflecting its commitment to expanding its footprint in North America. This initiative marks the company’s first international production investment after over a decade of operating in the U.S. market through a dedicated distribution entity based in Chicago.

Industry Overview in the Target’s Specific Country

The frozen food industry, particularly the frozen pizza sector, has experienced considerable growth across North America. With an estimated market value of approximately $6 billion, the demand for authentic Italian frozen pizzas has surged, dri

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Gruppo BCC Iccrea and SIMEST

invested in

Roncadin S.p.A.

in 2025

in a Growth Equity & Expansion Capital deal

Disclosed details

Transaction Size: $18M

Revenue: $200M

Enterprise Value: $30M


Multiples

EV/Revenue: 0.2x

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