Representative image The acquisition of the business includes a manufacturing site in Montreal, QC and several dry pasta brands.
Italian food company Barilla Group closed its purchase of the Catelli dry pasta business in Canada on January 29, adding the Catelli, Lancia and Splendor dry pasta brands to its portfolio. The deal also included Catelli’s manufacturing site in Montreal, QC.
“Given the synergies between our business strategies, commitments and values, Catelli dry pasta is a natural fit for the expansion of our business,” Claudio Colzani, chief executive officer of Barilla Group, said in a company release. “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.”
Italy's Barilla has finalised a deal to buy dry pasta firm Catelli from Spain's Ebro Foods in a deal worth around 107 million euros ($130 million), the two groups said on Monday.
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MILAN — Italy’s Barilla has finalized a deal to buy dry pasta firm Catelli from Spain’s Ebro Foods in a deal worth around 107 million euros (US$130 million), the two groups said on Monday.
For the family-owned company this is the second acquisition in less than a month, after it announced a deal to purchase a majority stake in Britain’s Pasta Evangelists.
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With the latest transaction, Barilla will get three brands of Catelli and a production plant in Montreal, increasing the Italian group’s exposure to North America.
By Reuters Staff
(Repeats to more subscribers)
MILAN, Feb 1 (Reuters) - Italy’s Barilla has finalised a deal to buy dry pasta firm Catelli from Spain’s Ebro Foods in a deal worth around 107 million euros ($130 million), the two groups said on Monday.
For the family-owned company this is the second acquisition in less than a month, after it announced a deal to purchase a majority stake in Britain’s Pasta Evangelists.
With the latest transaction, Barilla will get three brands of Catelli and a production plant in Montreal, increasing the Italian group’s exposure to North America.
“Given the synergies between our business strategies, commitments and values, Catelli dry pasta is a natural fit for the expansion of our business,” Barilla Chief Executive Claudio Colzani said in a statement.
Press release content from PR Newswire. The AP news staff was not involved in its creation.
Advancing Women in Workplace: Barilla Wins 2021 Catalyst Award
January 28, 2021 GMT
NEW YORK, Jan. 28, 2021 /PRNewswire/ -- 2021 marks another significant milestone in the Diversity and Inclusion journey of the Barilla Group. The Italian family-owned food company will receive the premiere 2021 Catalyst Award on March 17-18, 2021, for initiatives that have accelerated progress for women and increased inclusion for all within its organizations around the world. The Royal Bank of Canada (RBC) is the other awarded company.
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Founded in 1962, Catalyst is the leading nonprofit organization working with some of the world’s most powerful CEOs and leading companies expanding opportunities for women in business globally. For more than 30 years Catalyst has bestowed the Catalyst Awards to recognize exceptional initiatives that corporations have taken to accelerate and advance women into their leadership - because progress for women is progress for everyone.