Understanding St. Paul has finalized a 50 million loan of euros with the Sace Future Guarantee, intended to support Aboca, historical Tuscan farm founded in 1978, today a leader in the development of natural and biodegradable therapeutic solutions.
Aboca's Growth Plan
The financing is part of the Investment Plan 2024-2025 of Aboca, which focuses on agro-industry and pharmaceuticals, with the aim of strengthening the scientific research, the production efficiency , sustainability Environmental Sustainability. Among the planned interventions, the modernization of the production capacity in Pistrino (Pg), the introduction of innovative technologies, such as artificial intelligence, and the digitalization of business processes. There will also be real estate investments for the business center.
For over 40 years, Aboca has been a point of reference in the health sector, with an integrated production model that starts from organic cultivation on 1.700 hectares in Tuscany and Umbria to the transformation of products in its own facilities.
In that benefit company, Aboca integrates common benefit objectives into its statute, ranging from the promotion of health and well-being, to the adoption of sustainable practices, to the valorization of human resources and the support of local communities.
Comments
Massimo Markets, CEO of Aboca Spa Società Agricola, stated: “We must thank Intesa Sanpaolo and Sace. This operation allows us to support our development even more strongly, sharing with our partners the commitment to the common good expressed in investments that are concretely at the service of a vision that sees technology as a tool for an evolution capable of respecting man and the environment.”
“Being alongside Aboca in this important operation demonstrates how the path towards greater sustainability, towards people, the territory and responsible production processes, is increasingly at the centre of the commitment of leading national companies in our country such as those involved in this investment – declared Tito nocentini, Regional Director Tuscany and Umbria Intesa Sanpaolo –. A virtuous path that we have decided to support thanks to the common goals with our program Your future is our business, in line with the green revolution and ecological transition that Aboca has been pursuing for years. A commitment by our bank that has over 770 million euros of ESG financing disbursed in Tuscany and Umbria, out of a total of 1,2 billion euros financed at the end of September.”
“We are proud to support Aboca, a company that over the years has developed innovative solutions for the well-being of people, reconciling the bond with the territory whose name it bears with the challenge of internationalisation – commented Massimiliano Marzipan, senior relationship manager of Sace –. The relationship between Sace and Aboca began in 2013 with the support of projects dedicated to the growth of the company on global markets and has been consolidated in recent years with domestic and international operations and with investments like this one, aimed at the efficiency and development of the company itself. Aboca shares the values of Sace and has sustainability in its DNA and thanks to our support it has demonstrated its ability to combine economic growth, social equity and respect for the environment.”
