Ebro Acquires 25% of Italian Rice Company
Ebro, the multinational food group operating in the rice, pasta and sauces sectors, is acquiring 25% of Riso Scotti, parent company of the Scotti Group, for Eur18 million. Scotti is an Italian group specialising in the production and processing of rice and is the leader in risotto rice in Italy, and has a broad array of products that are sold under the Scotti brand in over seventy countries. Its portfolio includes numerous high value-added products (rice and soybean milk, rice biscuits, rice oils, ready meals, etc) targeted at the premium segment.
Ebroexpects to close the deal no later than 31 May 2013.
With this acquisition,Ebro aims to consolidate its worldwide leadership of the rice sector through the international development of new references and specialities, especially related with the Italian concept of risotto and a commitment to high value-added products sold through gourmet shops.
Based in Spain, 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 biggest pasta manufacturer in the world.
