Ebro buys 25% of italian company Riso Scotti S.p.A.

Ebro communicates that it has clinched a deal to buy 25% of Riso Scotti S.p.A., parent company of the Scotti Group.
Scotti is an Italian group specialising in the production and processing of rice, leaders in risotto rice in Italy with a broad array of products sold under the Scotti brand in over seventy countries. Its portfolio includes numerous high value-added products (rice and soybean milk, rice biscuits, rice oils, ready meals, etc.) directed at the premium segment, which bring traditional Italian cuisine up with the times.
The price agreed for the 25% stake in Riso Scotti is 18 million euro and we hope to close the deal, after the corresponding due diligence, no later than 31 May 2013.
With this joint venture, Ebro aims to consolidate its worldwide leadership of the rice sector through the international development of new references and specialities, especially related with the Italian concept of risotto and a commitment to high value-added products sold through gourmet shops.