PARMA, ITALY — Barilla has acquired the Catelli dry pasta enterprise in Canada from Madrid, Spain-based Ebro Meals for C$165 million ($130 million). The transaction was first introduced in late October 2020.
The Catelli dry pasta enterprise contains the Catelli, Lancia and Splendor manufacturers and a plant in Montreal. In 2019, the Catelli dry pasta enterprise generated revenues of C$103.3 million and contributed C$9.5 million in internet revenue to the Ebro Group.
“In Barilla, we’re main the cost in remodeling the pasta class, and as a class chief worldwide, it’s our mission to be an architect of progress,” mentioned Claudio Colzani, chief government officer of the Barilla Group. “Given the synergies between our enterprise methods, commitments and values, Catelli dry pasta is a pure match for the growth of our enterprise. This acquisition will assist underscore the significance of our accountability to not solely serve and fulfill the ever-changing wants of shoppers by means of innovation but additionally to anticipate them.”
In an effort to guarantee an orderly transition of the enterprise for each events, Barilla mentioned it would work with Catelli to guarantee vital data and providers are shared and supplied between the companies. All of that is being executed to maintain the companies working easily and establish efficiencies for purchasers and shoppers, the corporate mentioned.
Along with the acquisition, Barilla mentioned it’s investing €1 billion in Italy over the subsequent 5 years (2020-24). Barilla mentioned the funding will fund a number of tasks, together with present pasta manufacturing websites and acquisitions. In 2020, the corporate finalized the acquisition of a pasta plant in Italy.