EBRO FOODS : BUYS 52% STAKE IN THE ITALIAN COMPANY GEOVITA
September 06, 2017 at 04:34 am EDT
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Ebro Foods (www.ebrofoods.es) has executed the acquisition of the 52% of the Italian companies Geovita Functional Ingredients, S.r.l. and its subsidiary Geovita Nutrition, S.r.l. (together, 'Geovita').
Geovita is a leading player in the production and sale of legumes, rice, fast-cooking grains and other healthy ingredients. It has achieved considerable market differentiation through the highly innovative solutions it offers. It has a workforce of 94 employees distributed among three production plants in Italy, located in Bruno, San Giovanni Lupaloto and Villanova Monferrato.
The transaction price was €16.5 million.
Strongly committed to offering healthy, differentiated food products
This operation is part of the Ebro Group's growth strategy in the Convenience and Healthy Food segment and demonstrates the company's commitment to offering and promoting a healthy diet and lifestyle, in which legumes play a very important role.
The incorporation of Geovita gives a major boost to promoting and developing the Group's healthy food category.
Ebro Foods SA published this content on 06 September 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 06 September 2017 08:32:07 UTC.
Original documenthttp://www.ebrofoods.es/en/news/news-detail/?tx_ttnews[tt_news]=1560&cHash=6940f5e23c
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Ebro Foods SA is a Spain-based company primarily engaged in the food industry. The Company's product portfolio includes rice, pasta, cereals and diet products, legumes, as well as organic food, among others. The Company is also involved in the production of soft drinks, pharmaceutical products, animal feeds and biofuels. It markets its products under a variety of brands, such as SOS, Brillante, La Cigala, La Fallera, Saludaes, American Beauty, San Giorgio, 3 Glocken, Skinner, Geovita and Vegetalia, among others. The Company operates through numerous subsidiaries, such as Herba Ricemills SL, Herba Nutricion SL, Panzani SAS, Dosbio 2010 SL, Riviana Foods Inc, Ebro Foods Alimentacion SA, Azucarera Energias SA, Pastificio Lucio Garofalo SpA and Roland Monterrat SA.
EBRO FOODS, S.A. 
