American Italian Pasta Company (NYSE: PLB) a leading producer of dry pasta in North America, yesterday announced that it has completed the previously announced acquisition of seven pasta brands from Borden Foods for $67.5 million, plus inventory in a cash transaction. The company acquired the Anthony's®, Globe/A-1®, Luxury®, Mrs. Grass®, Pennsylvania Dutch®, R&F® and Ronco® brands, in addition to certain tangible assets. No manufacturing assets were included in the transaction.