Ebro Foods

Ebro Foods, S.A.
Sociedad Anónima
Traded as BMAD: EBRO
Industry Food processing
Founded May 11, 1998 (1998-05-11)
Headquarters Madrid, Spain
Key people
 Antonio Hernández Callejas (Chairman and CEO)
Products Rice, pasta and sauces, food technology
Revenue €1.702 billion (2017)[1]
€201.0 million (2017)[2]
€388.8 million (2017)[1]
Total assets €2.885 billion (end 2017)[2]
Total equity €1.607 billion (end 2017)[2]
Number of employees
 4,980 (average, 2017)[2]
Website www.ebrofoods.es
Head office

Ebro Foods, S.A. (/ˈiːbroʊ fuːdz/; Spanish: [ˈeβɾo ˈfuðs]), formerly Ebro Puleva, is the leading company in the Spanish food processing sector.[3] Ebro Foods is the world's largest traders/miller of rice[3] and the second biggest producer of pasta[4] (its Panzani brand is a market leader in France).[3] The company's head office is in Madrid.[5]

History

In 2005, Ebro Foods sold Catesa Foods for $37.9m. Catesa Foods specializes in tropical fruits, flowers, and ornamental plants on Tenerife Island.[6]

Ebro was previously the largest manufacturer of value-added dairy products in Spain, until it sold this business unit to Lactalis in March 2010 for €630 million.[7] It also was Spain's largest sugar producer prior to the divestment of that division to the British Sugar subsidiary of Associated British Foods in 2009.[8] Ebro Foods operates in 23 countries worldwide.

International development

Ebro Foods entered the U.S. market in 2004 when it acquired Houston-based Riviana Foods, which purchased American Rice in 2011 and now produces brands such as Mahatma, Success, Minute Rice, Water Maid and several private labels.[9] In 2006, Ebro acquired New World Pasta, producer of Ronzoni, San Giorgio and other products, and which is also now under the Riviana corporate umbrella.[10]

Ebro Foods owns the Puleva Biotech subsidiary, which engages in the research and development of new functional food products.

It has a biofuel production joint venture with Abengoa.[11]

Financial activity

The company's shares are listed on the Bolsa de Madrid.

References

  1. 1 2 "Annual Report 2017" (PDF) (in Spanish). Ebro Foods. Retrieved 18 November 2011.
  2. 1 2 3 4
  3. 1 2 3 Mulier, Thomas; Jarvis, Paul (15 December 2008). "AB Foods to Acquire Ebro Sugar Unit for EU385 Million". Bloomberg. Retrieved 2009-04-19.
  4. ↑ "Ebro Foods to buy US, Canada's new world pasta for 362.5 mln usd". AFX News. Forbes. 7 June 2006. Retrieved 2009-04-19.
  5. ↑ Our Companies, Ebro Foods. Retrieved on 11 February 2012. "Ebro Foods, S.A. MADRID Paseo de la Castellana, nº20 28046 Madrid"
  6. ↑ SPAIN: Ebro Puleva agrees sale of Catesa Foods, Just Food, October 14, 2005
  7. ↑ de Miguel, Rodrigo (8 March 2010). "Ebro Foods sells dairy unit to Lactalis". Reuters. Retrieved 11 April 2010.
  8. ↑ Chee, Foo Yun (31 March 2009). "EU clears ABF to buy Spain sugar arm of Ebro Foods". Reuters. Retrieved 2009-04-19.
  9. ↑ "Riviana PILOT Headlines IDB Meeting, Memphis Daily News, November 17, 2010".
  10. ↑ "Effective January 1, 2017, American Rice, Inc. and New World Pasta Company merged into Riviana Foods Inc".
  11. ↑ UPDATE 1-Abengoa to restart biggest Spain bioethanol plant, Reuters, July 15, 2008
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