Alternative finance for growth in biotech

Alternative finance for growth in biotech

EUR 17.5 million to Sacco System to invest in new systems

Innovative solutions for the agri-food and pharmaceutical sectors, such as chemical ingredients to produce dairy foods, fermented beverages, cured meats, and probiotic supplements, plus a Made in Italy icon like the Protected Designation of Origin (PDO) cheeses. This is what Sacco System, international biotech hub of excellence, provides to its clients each day, aiming to improve the culture of food and life.

Now in its fifth generation, the Como-based company is at the forefront of research and development, production and packaging of selected, freeze-dried and frozen microbial cultures. It currently boasts 465 employees and turnover of 150 million, of which 80% generated in 110 foreign countries, making it leader in both Italy and Europe.

CDP has supported the company's growth by underwriting 50% of a EUR 17.5 million minibond as part of the ESG Bond Basket, the programme launched with UniCredit to finance sustainable investments in strategic sectors of the Italian economy.

With these resources, Sacco System will be able to expand the lines for the production of frozen yeasts in the Cadorago plant and build a wastewater recycling plant for use in biological cultures in the Vertemate plant.

These investments will serve to strengthen production capacity and help consolidate the company's position both nationally and internationally.