Brief: Ebro Foods Reaches Binding Agreement With Riviana Foods To Purchase InHarvest business

Ebro Foods SA

28/02/2022 06:24

Feb 28 (Reuters) - Ebro Foods SA  EBRO.MC :
    * SAID ON FRIDAY IT REACHED BINDING AGREEMENT THROUGH ITS
U.S.
SUBSIDIARY RIVIANA FOODS TO PURCHASE ASSETS COMPRISING BUSINESS
OF INHARVEST
    * ACQUISITION INCLUDES TWO PLANTS OPERATED BY INHARVEST IN
COLUSA
AND WOODLAND (CALIFORNIA)
    * BUSINESS EMPLOYS ABOUT 140 WORKERS AND POSTED TURNOVER OF
USD
50.3 MILLION DOLLARS IN 2020
    * AGREED TRANSACTION PRICE IS USD 48.75 MILLION
DOLLARS(43.67
MILLION EUROS)
    * TRANSACTION IS EXPECTED TO BE COMPLETED IN EARLY APRIL    

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nCNM5Vc2By
 Further company coverage:  EBRO.MC  


(1 euro = $1.1162)

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))