Barilla wraps up $130m acquisition of Catelli dry pasta business in Canada
Barilla has completed the CAD 165 million ($130 million) acquisition of the Catelli dry pasta business in Canada from Spanish food company Ebro Group.
The Catelli dry pasta business acquired by the Italian food company as per the deal signed in October 2020 includes the Catelli, Lancia, and Splendor pasta brands and the plant in Montreal, Quebec. In 2019, the dry pasta business had a turnover of CAD103.3 million ($80.5 million).
Claudio Colzani – CEO of Barilla said: “In Barilla, we’re leading the charge in transforming the pasta category, and as a category leader worldwide, it’s our mission to be an architect of growth.
“Given the synergies between our business strategies, commitments and values, Catelli dry pasta is a natural fit for the expansion of our business. This acquisition will help underscore the importance of our responsibility to not only serve and satisfy the ever-changing needs of consumers through innovation but also to anticipate them.”
Barilla acquires Catelli dry pasta business in Canada from Ebro Group
Ebro Group had said that the sale of the Canadian dry pasta business is not expected to provide any capital gain for it. The Spanish food group will maintain its footprint in the Canadian market via its dry pasta brand Garofalo, Olivieri fresh pasta and sauces brand and the Minute Rice and Tilda rice brands.