Ebro Foods

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Ebro Foods, S.A.
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]
€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
Head office

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 a 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 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[edit]

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

References[edit]

  1. ^ a b c d e f "Annual Report 2010" (PDF) (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. ^ "Effective January 1, 2017, American Rice, Inc. and New World Pasta Company merged into Riviana Foods Inc.". 
  10. ^ UPDATE 1-Abengoa to restart biggest Spain bioethanol plant, Reuters, July 15, 2008

External links[edit]