Ebro Foods to offload French dry pasta business in US$648m deal with CVC Capital Partners

FRANCE – Spanish pasta maker Ebro Foods is selling its Panzani dry pasta, couscous, sauces, and semolina business in France to CVC Capital Partners VIII as part of efforts to refocus its resources and energies to its fresh pasta and convenience businesses.   Ebro Foods has been offloading businesses not aligned with its focus on premium fresh pasta offerings with divestitures in Canada and the United States being some of the latest by the company.  In December 2020, Ebro’s Riviana Foods subsidiary sold its US branded pasta portfolio including San Giorgio and Creamette to TreeHouse Foods; while the company recently finalised its divestment of the Ronzoni…

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