EBRO FOODS : BUYS ORGANIC FOOD COMPANY “VEGETALIA”
January 19, 2017 at 09:16 am EST
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Ebro Foods (www.ebrofoods.es) bought the entire capital of Vegetalia, S.L. and Corporacio Alimentaria Satoki, S.L. (jointly 'Vegetalia' www.vegetalia.com ) from their founding shareholder today, through its French subsidiary Alimentation Sante. The restaurants operating under the trade name 'Vegetalia' were not included in the transaction.
Ever since its foundation by Salvador Sala Druguet in 1986, Vegetalia has been engaged in the preparation and distribution of a broad range of organic food products and it is a pioneer in the manufacturing of vegetable protein. It sells around 1,500 products a year, including fresh and dry organic food, organic drinks and diet food. In 2016 it posted an annual turnover of EUR 11.5 million.
Vegetalia is established in Castellcir (Barcelona) with over 80 employees. It also works around 70 hectares of organic crops, which are used by Vegetalia to manufacture its products.
The purchase price was EUR 15 million.
Firm commitment to organic food
With this acquisition, Ebro Foods increases its market share in organic food. Moreover, this is an excellent complement to the business currently operated by the group in France after buying up Celnat.
Once again, this purchase demonstrates the Ebro Group's interest in investing in the Spanish food industry.
Ebro Foods SA published this content on 19 January 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 19 January 2017 14:16:04 UTC.
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Ebro Foods SA is a Spain-based company primarily engaged in the food industry. The Company's product portfolio includes rice, pasta, cereals and diet products, legumes, as well as organic food, among others. The Company is also involved in the production of soft drinks, pharmaceutical products, animal feeds and biofuels. It markets its products under a variety of brands, such as SOS, Brillante, La Cigala, La Fallera, Saludaes, American Beauty, San Giorgio, 3 Glocken, Skinner, Geovita and Vegetalia, among others. The Company operates through numerous subsidiaries, such as Herba Ricemills SL, Herba Nutricion SL, Panzani SAS, Dosbio 2010 SL, Riviana Foods Inc, Ebro Foods Alimentacion SA, Azucarera Energias SA, Pastificio Lucio Garofalo SpA and Roland Monterrat SA.