Ebro Foods

From Wikipedia, the free encyclopedia
  (Redirected from Ebro Puleva)
Jump to: navigation, search
Ebro Foods, S.A.
Type Sociedad Anónima
Traded as BMADEBRO
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 (2010)[1]
Operating income €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]
Employees 4,980 (average, 2010)[1]
Website www.ebrofoods.es

Ebro Foods, S.A. (/ˈbr fdz/; 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 the market leader in France).[2] The company's head office is in Madrid.[4]

History[edit]

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[edit]

Ebro Foods owns two companies 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]
  • New World Pasta, producer of Ronzoni, San Giorgio and other products.

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.[9]

Financial activity[edit]

The company's shares are listed on the Bolsa de Madrid and form part of the blue-chip IBEX 35 index as of January 2010.

References[edit]

  1. ^ a b c d e f "Annual Report 2010" (in Spanish). Ebro Foods. Retrieved 18 November 2011. 
  2. ^ a b c Mulier, Thomas; Jarvis, Paul (15 December 2008). "AB Foods to Acquire Ebro Sugar Unit for EU385 Million". Bloomberg. Retrieved 2009-04-19. 
  3. ^ "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. 
  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. ^ UPDATE 1-Abengoa to restart biggest Spain bioethanol plant, Reuters, July 15, 2008

External links[edit]