Spanish food firm Ebro Puleva has said it has agreed to purchase two frozen food companies, Danrice and Danpasta, for €18.7m (US$22.6m) from their Danish parent company Danrice.
Puleva said that after the takeover, rice producers in Spain would replace US producers as the main suppliers for the Danrice unit, reported Reuters.
Danrice and Danpasta are together expected to post 2003 revenues of €15m and a net profit of €1.7m.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Just Food Excellence Awards - Have you nominated?
Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!
Nominate Now
