Ebro Foods has clinched a deal with Strom Products Ltd. to buy its pasta business in the USA and Canada. The agreement includes purchase of the No Yolks® and Wacky Mac® brands, operating mainly in the segment of healthy pastas.
Ebro posted a net profit on continuing operations of €92.9 million during the first nine months of 2011, a year-on-year growth of 16%. The net profit recorded in the third quarter of 2010 is not comparable with that of the first nine months of 2011, since the former included the proceeds from sale of the… Read more
Ebro Foods and Deoleo signed today an agreement for the purchase of the SOS brand worldwide, the assets of the Spanish SOS rice business and the Netherlands companies operating the rice business in that country under the brand Lassie. This, together with the purchases already finalised of the Saludaes brand in Portugal and the rice… Read more
Ebro Foods and Marubeni Corporation (Marubeni) signed a collaboration agreement today for the joint development of rice projects and generation of synergies in Asia. Marubeni will cooperate with Ebro for stable supplies of long-grain rice in Asia, especially Cambodia. Through this agreement, both companies will expand their raw material supply channels and sales of their… Read more
Ebro posted a net profit from continuing operations of €56.8 million in the first half of 2011, 1.1% more than in the same period of 2010. The net profit posted in 1H 2010 is not comparable with that of 1H 2011 because the former included the dairy business. The net turnover was €839.6 million, more… Read more
Within the framework of its dividend policy and in view of the company’s healthy cash position since the SunRice purchase did not come off, the Ebro board resolved at a meeting held just before the AGM to distribute an extraordinary dividend of 0.15 €/share. This extraordinary dividend will be paid in addition to the ordinary… Read more
The shareholders of Ricegrowers Limited – SunRice have decided not to accept the takeover bid submitted by Ebro on 20 October 2010. In total, 67% of the Class A shareholders and 76% of the Class B shareholders voted for Ebro’s bid, so the special majority of 75% needed in both series for the acquisition to… Read more
Ebro posted a net profit from continuing operations of 32.3 million in the first quarter of 2011, up 9.6% year on year. The net profit obtained in the first quarter of 2010 is not comparable with that of the first three months of 2011 since the former included the results of the dairy business.
Ebro Foods and SOS Corporación Alimentaria have today signed the master agreement for the purchase by Ebro of the SOS rice businesses in Spain, USA, Saudi Arabia and the Netherlands, and the SOS brand worldwide. This agreement goes hand-in-hand with the one signed yesterday for the purchase of the Saludaes brand in Portugal. The overall… Read more
EBITDA up 11% year on year to 271.5 million. Net turnover of 1,702 million.Net profit rose to 389 million, up 120% year on year. Investment in advertising was stepped up by 6% to 80.4 million to back the launching of new products