Ebro Foods has confirmed the acquisition of a pasta plant in the US.
The Spain-based food group, so far unwilling to comment on reports it had bought the site, this week disclosed the transaction alongside the publication of its second-quarter results. “On 1 July, the group completed the acquisition of a production plant in Saint Charles, Missouri, enabling Bertagni to develop its first industrial filled fresh pasta platform in the United States
With an initial investment of €40m ($45.9m) and its capacity to triple output, the plant is a major commitment for Bertagni’s future in this market, while opening the door to the local production of new products,” Ebro said in a statement. Publicly listed Ebro counts the US as its largest market by annual sales. Its businesses in the US include rice supplier Riviana Foods.
The company first invested in Italy-based pasta business Bertagni 1882 in 2018, buying a 70% stake. It struck a deal to buy the rest of the shares earlier this year. “Ebro confirms deal for US pasta factory” was originally created and published by Just Food, a GlobalData owned brand