BFA Assists Lilly’s Fresh Pasta with Financing for Relocation to New Hampshire

New Hampshire, June 26, 2024 – Lilly’s Fresh Pasta, a renowned manufacturer of artisanal premium products founded in 1986 by Lilly and Giovanni D’Alelio in 1986 and currently spearheaded by her son, Antonio who has been by his mom’s side since its inception, has chosen the New Hampshire Advantage and is set to expand its operations into Manchester. The New Hampshire Business Finance Authority (BFA), along with Mascoma Bank, worked together to help facilitate the acquisition and renovation of a new, larger production facility at 299 Pepsi Road, which is set to open in the fall of 2025.

Lilly’s Fresh Pasta manufactures high-quality fresh pasta, ravioli, tortellini, and gnocchi, all produced on-site and sold wholesale to distributors and restaurants nationwide. The D’Alelio family’s entrepreneurial journey began in 1970 in Genoa, Italy. From humble beginnings, the family has grown the company into an industry leader in the culinary pasta realm through dedication and perseverance.

Working with Mascoma Bank and the BFA, the company was able to secure financing to expand into a 50,000-square-foot facility. The new space will provide the growing company with much-needed production capacity as it has outgrown its current location in Everett, Massachusetts.

“We are thrilled to support Lilly’s Fresh Pasta in this expansion,” stated James Key-Wallace, Executive Director of the BFA. “The new facility will not only increase their production capacity but also create a significant number of new jobs in New Hampshire. This is another example of a company choosing New Hampshire as the best place to expand and grow their operations.”

“We appreciate the opportunity to partner with Antonio D’Alelio and his team in their exciting move to the Granite State,” stated John Bortolotto, SVP Commercial Loan Officer at Mascoma Bank. “Our goal as a financial institution is to help our clients achieve their objectives and create positive change. This project is a great example of our bank fulfilling its mission,” he added.

“I want to extend a big Queen City welcome to Lilly’s Fresh Pasta,” stated Manchester Mayor Jay Ruais. “The NH Advantage is real, so we’re delighted Lilly’s is relocating to Manchester where the sky will be the limit for this iconic business to expand. The move benefits everyone who loves great pasta as well as all of Lilly’s new Granite State employees, and it’s just another example of Manchester’s growth and development. Lilly’s Fresh Pasta is a true American success story. We’re proud the company’s next chapter starts here in Manchester. We can’t wait!”

The newly renovated Manchester facility will offer more space and features necessary for pasta production, including expanded dock positions for shipping, freezer storage, and dry storage to increase the efficiencies of this unique business.

“This expansion is a monumental step for our company. The new facility will allow us to meet increasing demand and continue providing premium artisanal fresh pasta and filled ravioli to our customers,” stated Antonio D’Alelio, CEO of Lilly’s Fresh Pasta. “My family and I are beyond grateful to Mascoma Bank and the BFA for their support in making this possible. Thank you for believing in us, it matters more than you can imagine.”

About the NHBFA

The Business Finance Authority (BFA) is a self-funding organization that fosters economic development and creates employment in New Hampshire. The BFA accomplishes these objectives by working with New Hampshire’s banking, business, and economic development sectors to develop and implement programs which expand the availability of credit in the state. Our customers include manufacturers, small and medium-sized businesses, health providers, and non-profit educational and cultural organizations.

About Mascoma Bank

Mascoma Bank is a $ $2.9 billion mutual community bank and Certified B Corporation® with 28 branches and two loan production offices located throughout Northern New England. The bank has a 125-year history of being a force for positive change for its customers, communities, and employees. Member FDIC and Equal Housing Lender.

Please click on the link for photos of Antonio D’Alelio and his mom Lilly.