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.
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MILAN Italy’s Barilla has finalized a deal to buy dry pasta firm Catelli from Spain’s Ebro Foods in a deal worth around 107 million euros (US$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.
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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.
By Reuters Staff
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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.