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Representative image The acquisition of the business includes a manufacturing site in Montreal, QC and several dry pasta brands.
Italian food company Barilla Group closed its purchase of the Catelli dry pasta business in Canada on January 29, adding the Catelli, Lancia and Splendor dry pasta brands to its portfolio. The deal also included Catelli’s manufacturing site in Montreal, QC.
“Given the synergies between our business strategies, commitments and values, Catelli dry pasta is a natural fit for the expansion of our business,” Claudio Colzani, chief executive officer of Barilla Group, said in a company release. “This acquisition will help underscore the importance of our responsibility to not only serve and satisfy the ever-changing needs of consumers through innovation, but also to anticipate them.”
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.