Ebro Foods (www.ebrofoods.es) has executed the acquisition of the 52% of the Italian companies Geovita Functional Ingredients, S.r.l. and its subsidiary Geovita Nutrition, S.r.l. (together, “Geovita”).
Geovita is a leading player in the production and sale of legumes, rice, fast-cooking grains and other healthy ingredients. It has achieved considerable market differentiation through the highly innovative solutions it offers. It has a workforce of 94 employees distributed among three production plants in Italy, located in Bruno, San Giovanni Lupaloto and Villanova Monferrato.
The transaction price was €16.5 million.
Strongly committed to offering healthy, differentiated food products
This operation is part of the Ebro Groups growth strategy in the Convenience and Healthy Food segment and demonstrates the companys commitment to offering and promoting a healthy diet and lifestyle, in which legumes play a very important role.
The incorporation of Geovita gives a major boost to promoting and developing the Groups healthy food category.