Pastorelli Food Products
Company: Pastorelli Food Products (“Pastorelli” or “Company”)
Financing Amount: $14,620,000
Financing Structure: $3,120,000 and $6,500,000 Real Estate Term Loans and $5,000,000 Asset-Based Line of Credit
Financing Date: July 18, 2025
About the Company
Founded in 1927 by Benedetto Pastorelli and his son Leandro, Pastorelli Food Products began as a small grocery store in Chicago’s Fulton Market and quickly evolved into a pioneering force in the food industry. The company became one of the nation’s first grocery Co-Ops, joining forces with other retailers to gain buying power and compete with major chains. Over the decades, Pastorelli built strategic relationships—including part-ownership in California tomato canneries—that gave them exclusive distribution rights to high-quality tomato products. Today, the company is best known for its iconic retail can of pizza sauce and its broader presence in foodservice, custom formulating and private labeling tomato-based products for customers nationwide.
Under the leadership of Richard Pastorelli, the company remains true to its founding values of quality, partnership, and innovation. Its culture is rooted in long-standing customer relationships, trusted supplier partnerships, and a relentless commitment to delivering products that meet the highest standards. Pastorelli continues to expand its global sourcing footprint and enhance its transparency and quality assurance across all product lines.
Situation
Solution
Alantes Corporate Finance (“Alantes”) partnered with Richard Pastorelli and the company’s leadership to structure a $14,620,000 financing package, which included two Real Estate Term Loans ($3,120,000 and $6,500,000) and a $5,000,000 Asset-Based Line of Credit. The refinancing allowed Pastorelli to reduce its cost of capital and gain access to additional liquidity for ongoing operational and strategic needs.
“Alantes was a thoughtful and highly capable partner throughout this process,” said Richard Pastorelli. “They took the time to understand our story, our legacy, and our goals—and they delivered a structure that addressed our needs in full. The result was not just a financial win, but a real step forward for our business. We’re now better positioned to continue serving our customers and growing our reach.”
The new capital structure provides a stable financial foundation for Pastorelli’s continued expansion in both retail and foodservice markets.
About Alantes
Alantes Corporate Finance (“Alantes”) specializes in capital raises and strategic advisory for small to middle market businesses across the nation. Our team prides itself on our ability to provide unique solutions for all of your business needs. Whether you’re looking to acquire a new company or additional working capital for operations, Alantes is your trusted source for business growth and expansion. Our multi-faceted approach allows us to craft creative solutions that adds value at the most critical junctures so you can focus your resources on core business activities.
For more information on this transaction, contact Alantes Corporate Finance at info@alantes.com
Alantes Corporate Finance, LLC
234 5th Avenue, 2nd Fl
New York, NY 10001
www.alantes.com