Ebro Foods to Merge US Companies
Ebro Foods, the Spanish a multinational food group that is the global leader in the rice sector and the second leading pasta manufacturer in the world, is to merge its US businesses Riviana Foods, American Rice and New World Pasta Company. The move will create the largest manufacturer and marketer of rice products and the second largest producer and distributor of pasta products in the US. The merger will be effective on January 1, 2017.
Ebro Foods entered the US market in 2004 with the acquisition of Riviana Foods which purchased American Rice in 2011. Since 2006, when Ebro Foods acquired New World Pasta, the companies have been integrating their businesses and taking advantage of synergies to benefit their customers and consumers.
Together the companies have manufacturing facilities in seven states and in Canada through Riviana Foods’ subsidiary, Catelli Foods Corporation. Catelli Foods is the largest pasta manufacturer and distributor inCanada. The sales revenue of the combined company totals approximately $1.5 billion.
