Sector News

Ebro Foods takes majority stake in Santa Rita Harinas

July 15, 2016
Food & Drink

Spanish food giant Ebro Foods has acquired a majority stake in Spanish flour and premium ingredients company Santa Rita Harinas for €4.8m ($5.3m).

The pasta giant has acquired a 52 percent stake in Santa Rita Harinas, marking its entrance into the retail flour and high­end ingredients market.

Santa Rita Harinas specializes in high­end ingredients and flours, such as chestnut flours and dry onions.

Ebro said: “Santa Rita is a company dedicated to the production and marketing of flours and preparations for cooking, which supported a strong R&D and innovation has managed to lead the premium segment of packaged flours.”

Ebro said the investment in the company indicates its willingness to grow by investing in fastgrowing domestic companies.

Santa Rita Harinas currently runs a manufacturing plant in Loranca de Tajuña, employing 15 people.

Ebro, which makes around €2 billion ($2.2bn) in sales a year, said it hopes to help internationalise the Santa Rita Harinas business.

Source: Food Ingredients First

Related News

September 18, 2020

Cargill to advance regenerative agriculture practices across 10m acres of farmland

Food & Drink

Cargill has announced that it is supporting farmer-led efforts to adopt regenerative agriculture practices on 10 million acres of crop land in North America by 2030. The initiative will focus primarily […]

September 17, 2020

PepsiCo pilots invisible digital watermark technology to boost recycling

Food & Drink

PepsiCo is trialling products encoded with invisible digital watermarks for more effective recycling. The technology is pegged as the “holy grail” that will make mechanical sorting more efficient. The beverage […]

September 17, 2020

Lactalis to acquire portfolio of Kraft Heinz branded foods

Food & Drink

Lactalis Group is positioned to acquire a portfolio of Kraft Heinz brands, expected to close in the first half of 2021. The dairy supplier will also be partnering with the […]