Barilla acquires the Canadian pasta factory Catelli from Ebro Foods

Pasta & Rice
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The 100 million agreement has been made official by the Spanish food multinational which in the first 9 months of 2020 recorded a 19% growth in turnover
Barilla acquires the Canadian pasta factory Catelli from Ebro Foods

Spain’s Ebro Foods has agreed to sell its Catelli dried pasta business in Canada to Italian counterpart Barilla, along with a production facility in Montreal, Quebec. The deal includes the company’s namesake brand, as well as the Lancia and Splendor pasta lines.

Meanwhile, Ebro will maintain a presence in Canada with its Garofalo dried pasta brand, its Olivieri line of fresh pasta and sauces, and the Minute and Tilda rice brands.

Alongside news of the disposal, Ebro reported its financial results for the first nine months of 2020. Sales rose by +19.2% to 2.43 billion euros. Net profit was 27.8% higher at 146.7million euros. In the third quarter, Ebro’s underlying net profit was up 9%.

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