Ebro Foods

Ebro Foods, S.A. (/ˈiːbroʊ fuːdz/; Spanish: [ˈeβɾo ˈfuðs]), formerly Ebro Puleva, is the leading company in the Spanish food processing sector.[2] Ebro Foods is the world's largest traders/miller of rice[2] and the second biggest producer of pasta[3] (its Panzani brand is a market leader in France).[2] The company's head office is in Madrid.[4]

Ebro Foods, S.A.
Sociedad Anónima
Traded asBMAD: EBRO
ISINES0112501012 
IndustryFood processing
PredecessorStrom Products 
FoundedMay 11, 1998 (1998-05-11)
HeadquartersMadrid, Spain
Key people
Antonio Hernández Callejas (Chairman and CEO)
ProductsRice, pasta and sauces, food technology
Revenue€1.702 billion (2017)[1]
€201.0 million (2017)[1]
€388.8 million (2017)[1]
Total assets€2.885 billion (end 2017)[1]
Total equity€1.607 billion (end 2017)[1]
Number of employees
4,980 (average, 2017)[1]
Websitewww.ebrofoods.es
Head office

History

In 2005, Ebro Foods sold Catesa Foods for $37.9m. Catesa Foods specializes in tropical fruits, flowers, and ornamental plants on Tenerife Island.[5]

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.[6] 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.[7] 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.[8] 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.[9] Riviana Foods, New World Pasta, and American Rice united under the Riviana Foods name in 2017 to become the largest manufacturer of rice and second-largest manufacturer of pasta in the U.S.[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. "Annual Report 2017" (PDF) (in Spanish). Ebro Foods. Retrieved 18 November 2011.
  2. Mulier, Thomas; Jarvis, Paul (15 December 2008). "AB Foods to Acquire Ebro Sugar Unit for EU385 Million". Bloomberg. Archived from the original on 2012-10-25. Retrieved 2019-09-14.
  3. "Ebro Foods to buy US, Canada's new world pasta for 362.5 mln usd". AFX News. Forbes. 7 June 2006. Archived from the original on 2010-05-01. Retrieved 2019-09-14.
  4. Our Companies, Ebro Foods. Retrieved on 11 February 2012. "Ebro Foods, S.A. MADRID Paseo de la Castellana, nº20 28046 Madrid"
  5. SPAIN: Ebro Puleva agrees sale of Catesa Foods, Just Food, October 14, 2005
  6. de Miguel, Rodrigo (8 March 2010). "Ebro Foods sells dairy unit to Lactalis". Reuters. Retrieved 11 April 2010.
  7. Chee, Foo Yun (31 March 2009). "EU clears ABF to buy Spain sugar arm of Ebro Foods". Reuters. Retrieved 2009-04-19.
  8. "Riviana PILOT Headlines IDB Meeting, Memphis Daily News, November 17, 2010".
  9. "Effective January 1, 2017, American Rice, Inc. and New World Pasta Company merged into Riviana Foods Inc".
  10. "Spain-based food co. to combine brands into Houston-based business". www.bizjournals.com. Retrieved 2020-04-27.
  11. UPDATE 1-Abengoa to restart biggest Spain bioethanol plant, Reuters, July 15, 2008
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