Ebro Foods
 | |
| Sociedad Anónima | |
| Traded as | BMAD: EBRO |
| Industry | Food processing |
| Founded | May 11, 1998 |
| Headquarters | Madrid, Spain |
Key people | Antonio Hernández Callejas (Chairman and CEO) |
| Products | Rice, pasta and sauces, food technology |
| Revenue | €1.702 billion (2010)[1] |
| €201.0 million (2010)[1] | |
| Profit | €388.8 million (2010)[1] |
| Total assets | €2.885 billion (end 2010)[1] |
| Total equity | €1.607 billion (end 2010)[1] |
Number of employees | 4,980 (average, 2010)[1] |
| Website | www.ebrofoods.es |
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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]
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 owns one company in North America:
- Riviana Foods, based in Houston, Texas, producer of rice products including Mahatma, Success, Minute Rice, Water Maid and several private labels.[8] And as of 2017 producer of Ronzoni, San Giorgio and other products.[9]
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.[10]
Financial activity
The company's shares are listed on the Bolsa de Madrid.
References
- 1 2 3 4 5 6 "Annual Report 2010" (PDF) (in Spanish). Ebro Foods. Retrieved 18 November 2011.
- 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.
- ↑ "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.
- ↑ Our Companies, Ebro Foods. Retrieved on 11 February 2012. "Ebro Foods, S.A. MADRID Paseo de la Castellana, nº20 28046 Madrid"
- ↑ SPAIN: Ebro Puleva agrees sale of Catesa Foods, Just Food, October 14, 2005
- ↑ de Miguel, Rodrigo (8 March 2010). "Ebro Foods sells dairy unit to Lactalis". Reuters. Retrieved 11 April 2010.
- ↑ Chee, Foo Yun (31 March 2009). "EU clears ABF to buy Spain sugar arm of Ebro Foods". Reuters. Retrieved 2009-04-19.
- ↑ "Riviana PILOT Headlines IDB Meeting, Memphis Daily News, November 17, 2010".
- ↑ "Effective January 1, 2017, American Rice, Inc. and New World Pasta Company merged into Riviana Foods Inc.".
- ↑ UPDATE 1-Abengoa to restart biggest Spain bioethanol plant, Reuters, July 15, 2008