{"id":27843,"date":"2022-03-24T17:27:39","date_gmt":"2022-03-24T16:27:39","guid":{"rendered":"https:\/\/www.ebrofoods.es\/?p=27843"},"modified":"2022-03-24T17:45:54","modified_gmt":"2022-03-24T16:45:54","slug":"ebro-foods-has-reached-a-binding-agreement-to-purchase-the-company-inharvest-2","status":"publish","type":"post","link":"https:\/\/www.ebrofoods.es\/en\/caring-for-news\/ebro-foods-has-reached-a-binding-agreement-to-purchase-the-company-inharvest-2\/","title":{"rendered":"Ebro Foods has reached a binding agreement to purchase the company InHarvest"},"content":{"rendered":"\n<p>The Ebro Group&nbsp;has reached a binding agreement to purchase the assets comprising the business of InHarvest. Inc.&nbsp;<\/p>\n\n\n\n<p>InHarvest is a US company with a strong presence in the industrial (B2B), Food Service and Private Label businesses for premium specialities in rice, quinoa and grains in the United States.<\/p>\n\n\n\n<p>The agreed transaction price is USD 48,75 million.<\/p>\n\n\n\n<p>This acquisition is of considerable strategic interest for the Ebro Group because: (i) it would be easy to integrate within the Riviana business; (ii) the supply chain, plant network and packaging and production capacity of the Ebro Group in the United States would be improved; (iii) it would provide access to business platforms on which Riviana does not currently have a significant presence (such as Food Service or the military channel); and (iv) the value-added goods produced by InHarvest would be included within Riviana\u2019s product portfolio.<\/p>\n\n\n\n<p>The transaction is expected to be completed in early April 2022, once certain formalities agreed by the parties are met.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"795\" height=\"410\" src=\"https:\/\/www.ebrofoods.es\/wp-content\/uploads\/2022\/03\/D_795_marzo_sobregrupoebro_WEB.jpeg\" alt=\"inharvest acquisition\" class=\"wp-image-27797\" srcset=\"https:\/\/www.ebrofoods.es\/wp-content\/uploads\/2022\/03\/D_795_marzo_sobregrupoebro_WEB.jpeg 795w, https:\/\/www.ebrofoods.es\/wp-content\/uploads\/2022\/03\/D_795_marzo_sobregrupoebro_WEB-300x155.jpeg 300w, https:\/\/www.ebrofoods.es\/wp-content\/uploads\/2022\/03\/D_795_marzo_sobregrupoebro_WEB-768x396.jpeg 768w\" sizes=\"auto, (max-width: 795px) 100vw, 795px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>This binding agreement represents a high strategic interest for the Group and the transaction is expected to be executed at the beginning of April 2022<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[44],"tags":[84],"class_list":["post-27843","post","type-post","status-publish","format-standard","hentry","category-caring-for-news","tag-caring-for-news-12-en"],"_links":{"self":[{"href":"https:\/\/www.ebrofoods.es\/en\/wp-json\/wp\/v2\/posts\/27843","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ebrofoods.es\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ebrofoods.es\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ebrofoods.es\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ebrofoods.es\/en\/wp-json\/wp\/v2\/comments?post=27843"}],"version-history":[{"count":3,"href":"https:\/\/www.ebrofoods.es\/en\/wp-json\/wp\/v2\/posts\/27843\/revisions"}],"predecessor-version":[{"id":27926,"href":"https:\/\/www.ebrofoods.es\/en\/wp-json\/wp\/v2\/posts\/27843\/revisions\/27926"}],"wp:attachment":[{"href":"https:\/\/www.ebrofoods.es\/en\/wp-json\/wp\/v2\/media?parent=27843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ebrofoods.es\/en\/wp-json\/wp\/v2\/categories?post=27843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ebrofoods.es\/en\/wp-json\/wp\/v2\/tags?post=27843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}