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Barilla Acquires Pasta Firm Catelli For €107m

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, 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.

'Natural Fit'

"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.

The world's biggest pasta maker also said it planned to roll out €1 billion10 investments in its home-country between 2020 and 2024.

The money will fund several different projects including improvements of Barilla's existing pasta production sites and acquisitions. Last year, the group finalised the purchase of a pasta plant in the northeast of Italy.

News by Reuters, edited by ESM. Click subscribe to sign up to ESM: European Supermarket Magazine.

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