CoGeDi International

What CoGeDi International does

CoGeDi International SpA (Compagnia Generale di Distribuzione) is an Italian bottled mineral water producer founded in 1984 in Rome, operating under President Maurizio Bigioni. The portfolio is anchored by the Uliveto brand (sourced at Uliveto Terme in Tuscany) and the Rocchetta brand (sourced at Gualdo Tadino in Umbria), both established heritage names in the Italian natural mineral water category, alongside the Brio Blu and Brio Rossa carbonated soft drink line. Production is concentrated in two manufacturing plants — the Uliveto Terme facility and the Rocchetta plant in Umbria — with combined PET bottling capacity of roughly 129,000 bottles per hour across recently installed lines.

The company's revenue model is a classic FMCG consumer packaged goods structure: bulk bottled water and soft drinks sold through Italian and international retail, HORECA, and export channels across 16+ countries in Europe, the Americas, Africa, and Asia. Pricing is unit-based per bottle/package format. Distribution leverage is reinforced by sponsorship relationships with eight Italian sports federations via FMSI, plus affiliations with AIGO, Operation Smile, Equilibra, and the Circular Economy Network — tying volume sales to brand-building partnerships.

Operational differentiation rests on certified mineral water source rights, ISO 9001:2015 and ISO 14001:2015 quality and environmental management, FSSC 22000 food-safety certification, GO (Garanzia d'Origine) certification, and a 7-year renewable-electricity Corporate PPA with Statkraft executed through the Gestione Italia consortium. Recent activity has been primarily defensive/structural: new PET lines and plant renovation at Rocchetta, tethered-cap conversion in response to the EU Single-Use Plastics Directive, and product-line extension through Brio Rossa — collectively signaling reinvestment into a mature category rather than categorical expansion.

Name

CoGeDi International

Legal name

CoGeDi International SpA

Website

https://cogedi.it

Company type

Private

Founded year

1984

Operating status

Operating

Headcount range

1–10 employees

Short description

CoGeDi International SpA is an Italian bottled mineral water producer founded in 1984, operating the Uliveto and Rocchetta natural mineral water brands alongside the Brio Blu and Brio Rossa carbonated soft drink line, sold through retail, HORECA, and export channels across 16+ countries from two plants in Tuscany and Umbria.

Ownership category

akta.pro rank

Product category

Bottled Mineral Water

NAICS

Bottled Water Manufacturing (312112)

SIC

Bottled & Canned Soft Drinks & Carbonated Waters (2086)

akta.pro primary industry

Mineral Water Bottling (Naturally Mineral) (AFAFACAB)

akta.pro secondary industry

Sparkling/Carbonated Bottled Water Production (AFAFACAE)

Keywords

• Bottled mineral water
• Natural mineral water
• Carbonated water
• Water bottling
• Mineral water production

Headquarters

HQ city

Rome

HQ country

Italy

HQ region

Europe

Offices3 records

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Marketing or Sales, Personnel, Infrastructure

Revenue model

1. Bottled Water Sales: CoGeDi International generates revenue through the production and sale of branded mineral water products (Uliveto, Rocchetta, Brio Blu, Brio Rossa) via retail and HORECA distribution channels. Revenue is derived from consumer packaged goods sales at various price points across multiple bottle formats.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

CoGeDi International SpA is a Rome-based water bottling company that produces and distributes a portfolio of mineral water brands sourced from natural springs: Uliveto (naturally effervescent, positioned for digestion and bone health), Rocchetta (oligomineral, positioned for beauty and diuresis), Brio Blu (lightly carbonated), and Brio Rossa (highly carbonated). Products are bottled at the Uliveto Terme plant in Tuscany and the Rocchetta plant in Umbria, then distributed through Italian retail, HORECA channels, and an international distributor network reaching over 30 countries.

Product overview

CoGeDi International SpA distributes a portfolio of four mineral water brands. Uliveto is a naturally effervescent water positioned for digestion and bone health. Rocchetta is a natural oligomineral water positioned for beauty and diuresis. Brio Blu and Brio Rossa are carbonated variants - Brio Blu is lightly sparkling while Brio Rossa is highly carbonated. All products are available in PET and glass bottle formats in sizes ranging from 0.5L to 1.5L, distributed throughout Italy and internationally.

Differentiator

Problem solved

Functional benefit

Brands

• Uliveto: Naturally effervescent mineral water from a spring in Tuscany, known for its health properties since the 1800s. Contains bicarbonate, magnesium, calcium. Positioned as water for digestion and bone health.
• Rocchetta
• Brio Blu
• Brio Rossa

Products and services

• Uliveto Naturally effervescent mineral water sourced from a spring in Tuscany, with a unique mineral composition including bicarbonate, magnesium, and calcium. Positioned as a digestive aid and bone health water, with natural micro-effervescence. Chosen by 8 Italian sports federations and recognized by the Italian Ministry of Health for its calcium contribution to daily intake.
• Rocchetta Natural oligomineral water that stimulates diuresis and helps eliminate toxins from the body. Low sodium content makes it suitable for low-salt diets and it is positioned as a beauty water. Sourced from the Rocchetta plant in Gualdo Tadino, Umbria.
• Brio Blu Lightly carbonated natural mineral water with delicate effervescence. Packaged in distinctive blue bottles that established a color code in the carbonated mineral water market. Awarded 'Qualità Ottima' by Altroconsumo in July 2021.
• Brio Rossa Highly carbonated mineral water, the sparkling version of Brio Blu. Features distinctive red bottle packaging and targets consumers who prefer stronger carbonation. Available in PET and glass bottle formats including a 1L PET format launched in 2022.
• Rocchetta La Chic (HORECA line) Dedicated HORECA-focused product line featuring Rocchetta Naturale and Brio Rossa Più Frizzante in 1L format, distinguished by cap and label colour. Designed exclusively for hotels, restaurants, and cafes.

Quantifiable outcome

• Two litres of Uliveto water contain approximately 400 mg of calcium, which is 50% of the recommended daily nutritional value (Ministry of Health Decree no. 4311 of 15.07.2019)
• +1 more outcomes

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• StatkraftcoreStrategic or Co-development Partner · 23 September 2025CoGeDi International signed a seven-year, three-way Corporate Power Purchase Agreement (CPPA) with Gestione Italia and Statkraft (Europe's largest renewable energy producer) to guarantee 100% renewable solar energy supply for all production facilities. This CPPA ensures complete transparency and traceability of the energy supply chain, supports ESG standards, and contributes to CO₂ emission reduction and EU decarbonisation goals.
• Gestione ItaliacoreStrategic or Co-development Partner · 23 September 2025CoGeDi partnered with Gestione Italia Spa for Guarantee of Origin (GO) certification in early 2024, and subsequently as co-signatory to the seven-year CPPA with Statkraft. Gestione Italia is a leading energy company providing renewable energy certification and supply for CoGeDi's bottling operations.
• Gestione ItaliacoreStrategic or Co-development Partner · 6 May 2024In 2024, CoGeDi obtained Guarantee of Origin (GO) certification with Gestione Italia Spa, confirming that all energy used in bottling Uliveto and Rocchetta comes from 100% Italian solar sources. This partnership was announced by CEO Maurizio Bigioni as part of the group's commitment to environmental sustainability.
• EquilibraminorGTM or Marketing Partner · 1 April 2016Rocchetta and Equilibra launched a wellness partnership (April–July 2016) including a prize competition, discounts and promotions. Rocchetta packs contained postcards with codes for instant draws of Equilibra 'cleansing-beauty' kits. The partnership was supported by radio and press campaigns and promoted on both companies' websites and social profiles. Both brands were co-sponsors of Miss Italia.
• Operation SmileminorGTM or Marketing PartnerAcqua Rocchetta supports Operation Smile NPO in its activities to assist children born with facial malformations through the '#ognisorsounsorriso' project. Consumers share virtual postcards on social media tagging Operation Smile and Rocchetta with the hashtag #ognisorsounsorriso. The best postcards are collected in an album gifted to children receiving treatment.
• Circular Economy NetworkminorStrategic or Co-development PartnerUliveto and Rocchetta are promoters of the Circular Economy Network, a project launched by the Fondazione per lo Sviluppo Sostenibile (Foundation for Sustainable Development) with the aim of supporting and promoting the development of the circular economy in Italy.
• FMSI (Federazione Medico Sportiva Italiana)coreStrategic or Co-development PartnerUliveto is a partner of FMSI, the body appointed by CONI to safeguard athlete health. The common goal is to promote the benefits of good sporting practice and the importance of proper hydration. Uliveto participates in FMSI symposiums and scientific publications on mineral water in sport.
• AIGO (Associazione Italiana Gastroenterologi)minorStrategic or Co-development PartnerUliveto promotes the 'Month of Digestion' in close collaboration with AIGO (Italian Association of Gastroenterologists). During the promotion, a manual with AIGO recommendations for good digestion is available for download, and consumers can send questions to a team of gastroenterologists for free advice.

Scale indicators4 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• Sanpellegrino (Nestlé Waters Italy): Iconic Italian mineral water (S.Pellegrino sparkling, Levissima, Acqua Panna) under Nestlé Waters. Overlaps directly with CoGeDi's premium sparkling portfolio but with vastly larger scale, distribution and marketing budget.
• Perrier: Globally iconic French sparkling mineral water owned by Nestlé Waters. Overlaps with CoGeDi's Brio Blu/Brio Rossa sparkling range and HORECA strategy, but at significantly larger international scale.
• Evian (Danone): Global premium still mineral water brand owned by Danone. Comparable as a heritage mineral water brand with international premium positioning, though much larger scale and broader geographic reach than CoGeDi.

Direct peers

• Lete: Italian mineral water brand from Southern Italy with broad national retail distribution and growing export footprint. Comparable mid-sized Italian mineral water peer with overlapping retail channels and price positioning.
• Gerolsteiner: German premium mineral water brand known for high mineral content and sports/health positioning. Comparable to Uliveto on mineral-driven health claims, scientific backing and European premium positioning.
• Acqua Panna: Tuscan still mineral water owned by Nestlé Waters, internationally positioned as a premium Italian water alongside fine dining. Comparable to Uliveto/Rocchetta in heritage, source provenance and HORECA channel targeting.
• Ferrarelle: Italian mineral water producer with strong sparkling/effervescent portfolio (Ferrarelle, Natia, Vivia). Direct competitor to CoGeDi in the natural and carbonated mineral water category in Italy and increasingly in export markets.
• Badoit: French naturally sparkling mineral water owned by Danone, positioned in HORECA and premium retail. Closely comparable to Uliveto on natural effervescence, mineral-driven positioning and restaurant channel focus.
• Sangemini: Italian mineral water producer with effervescent heritage. Direct competitor in the Italian natural/sparkling mineral water category with similar mid-market positioning and distribution model.

Regional players

• Rogaška: Slovenian premium mineral water with strong Central European distribution and health/beauty positioning (Donat Mg). Comparable on mineral-content health narrative and European mid-sized scale, though operating in a different geography than CoGeDi's core Italian market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/cogedi-international-spa

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CoGeDi International