Rechercher dans ce blog

Monday, February 1, 2021

RPT-Barilla snaps up Canada dry pasta firm Catelli for $130 mln - Reuters

arome.indah.link

(Repeats to more subscribers)

MILAN, Feb 1 (Reuters) - Italy’s Barilla has finalised a deal to buy dry pasta firm Catelli from Spain’s Ebro Foods in a deal worth around 107 million euros ($130 million), the two groups said on Monday.

For the family-owned company this is the second acquisition in less than a month, after it announced a deal to purchase a majority stake in Britain’s Pasta Evangelists.

With the latest transaction, Barilla will get three brands of Catelli and a production plant in Montreal, increasing the Italian group’s exposure to North America.

“Given the synergies between our business strategies, commitments and values, Catelli dry pasta is a natural fit for the expansion of our business,” Barilla Chief Executive Claudio Colzani said in a statement.

The world’s biggest pasta maker also said it planned to roll out 1 billion euro investments in its home-country between 2020 and 2024.

The money will fund several different projects including improvements of Barilla’s existing pasta production sites and acquisitions. Last year, the group finalised the purchase of a pasta plant in the northeast of Italy. ($1 = 0.8272 euros) (Reporting by Francesca Landini, editing by Louise Heavens)

The Link Lonk


February 01, 2021 at 04:56PM
https://ift.tt/2MgjHWG

RPT-Barilla snaps up Canada dry pasta firm Catelli for $130 mln - Reuters

https://ift.tt/31oM9uv
Pasta

No comments:

Post a Comment

Featured Post

Recipe: English Pea Pasta - Health Essentials from Cleveland Clinic

arome.indah.link There is something special about using fresh peas straight out of the pod. This recipe was inspired by our root-to-stem ph...

Popular Posts