Ebro Foods

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Ebro Foods, S.A.
Sociedad Anónima
Traded as BMADEBRO
Industry Food processing
Founded May 11, 1998 (1998-05-11)
Headquarters Madrid, Spain
Key people
Antonio Hernández Callejas (Chairman and CEO)
Products Rice, pasta and sauces, food technology
Revenue 1.702 billion (2010)[1]
€201.0 million (2010)[1]
Profit €388.8 million (2010)[1]
Total assets €2.885 billion (end 2010)[1]
Total equity €1.607 billion (end 2010)[1]
Number of employees
4,980 (average, 2010)[1]
Website www.ebrofoods.es
Head office

Ebro Foods, S.A. (/ˈbr fdz/; Spanish: [ˈeβɾo ˈfuðs]), formerly Ebro Puleva, is the leading company in the Spanish food processing sector.[2] Ebro Foods is the world's largest traders/miller of rice[2] and the second biggest producer of pasta[3] (its Panzani brand is the market leader in France).[2] The company's head office is in Madrid.[4]

History

In 2005, Ebro Foods sold Catesa Foods for $37.9m. Catesa Foods specializes in tropical fruits, flowers and ornamental plants on Tenerife Island.[5]

Ebro was previously the largest manufacturer of value-added dairy products in Spain, until it sold this business unit to Lactalis in March 2010 for €630 million.[6] It also was Spain's largest sugar producer prior to the divestment of that division to the British Sugar subsidiary of Associated British Foods in 2009.[7] Ebro Foods operates in 23 countries worldwide.

International development

Ebro Foods owns two companies in North America:

  • Riviana Foods, based in Houston, Texas, producer of rice products including Mahatma, Success, Minute Rice, Water Maid and several private labels.[8]
  • New World Pasta, producer of Ronzoni, San Giorgio and other products.

Ebro Foods owns the Puleva Biotech subsidiary, which engages in the research and development of new functional food products.

It has a biofuel production joint venture with Abengoa.[9]

Financial activity

The company's shares are listed on the Bolsa de Madrid.

References

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External links