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
Upon FoodBev Media’s return from Vitafoods 2022 – which took place from 10-12 May in Geneva, Switzerland – the team reflects on the event’s aim to bring together international nutraceutical suppliers and experts from across the globe.
Following a strategic review last year, Mondelēz International is planning to sell its developed chewing gum business, which includes brands Trident and Dentyne. This is in addition to offloading its Halls cough drop brand, as the food giant focuses on generating 90% of revenue in its chocolates and biscuits businesses, including baked snacks.
Givaudan has unveiled NaNino+, a patent-pending combination of plant-based ingredients and natural flavorings that can replace nitrite in processed meat. Designed with natural ingredients, it provides a lasting multi-sensorial food experience with a good taste, color and freshness.
