Ebro Expands in Pasta With €130 Million Deal
Spanish food group Ebro has agreed to acquire a 70% stake in Bertagni 1882, the Italian premium fresh pasta producer, for €130 million. With production plants in Vicenza and Avio in Italy, Bertagni employs 275 people and is known as the oldest brand of filled pasta in Italy. Its gross sales in 2017 will exceed €70 million, with over 90% of its business generated outside of Italy.
Ebro regards the acquisition as an opportunity to accelerate its growth in the promising fresh segment and become the second largest producer of fresh pasta in the world.
The transaction, which must be approved by anti-trust authorities, is expected to be concluded within the first quarter of 2018.
Operating in the rice, pasta and sauces sectors, Ebro has a presence in more than 25 countries in Europe, North America, Asia and Africa, through its extensive network of subsidiaries and brands. It is global leader of the rice sector and the second largest pasta manufacturer in the world.
