Pasta Garofalo and Riso Scotti are not enough to satisfy the hunger for acquisitions of the Spaniards of Ebro. As revealed to Il Sole 24 Ore by the president and CEO of Ebro Foods, Antonio Hernandez Callejas, the Spanish group has about 600 million euros to invest and “Italy remains an area full of opportunities”.
This time Ebro is reviewing the Made in Italy sector specializing in sauces and condiments.
The dynamism and expansionism of Ebro, which is present in 27 countries, has a turnover of 2,2 billion euros and above all has a strong capacity to generate cash with an EBITDA of 300 million (as many as there are debts), they are arousing the attention and interest of many global food giants and numerous private equity funds. Also because the Spanish company is potentially contestable as 11% of the capital is in the hands of the Spanish State, 25% is divided between Spanish financial companies and private individuals (Calleja holds 16%) and the rest is on the market.
The next installment of Ebro Italian shopping seems ever closer.
