View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
February 2, 2016

Ebro Foods sells Puerto Rico, US Virgin Islands rice assets

Ebro Foods has offloaded rice businesses in Puerto Rico and US Virgin Islands.

By Dean Best

Ebro Foods has offloaded rice businesses in Puerto Rico and US Virgin Islands.

Free Report
img

What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

The Spain-based group said today (2 February) it had sold the assets for EUR12m (US$13.1m) to an Puerto Rico company called CC1 Grain, LLC. The units market rice under three brands – El Mago, Sello Rojo and Cinta Azul.

Ebro said the two markets “are not in keeping with the group’s strategy, which focuses on high-value products”.

On Friday, Ebro announced it had struck a deal to acquire French organic food group Celnat for EUR25.5m.

Ebro said the move reflects the growing emphasis it is placing on expanding in the organic sector. The deal will be completed through Ebro’s newly-created organic unit, Alimentation Santé.

Celnat posted a turnover of EUR22m in 2015, 20% of which was generated in foreign markets.

Ebro made two acquisitions in last year, buying Roland Monterrat, a French supplier of fresh, ready-to-serve food, and snapping up US rice brand RiceSelect.

Related Companies

Free Report
img

What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

Topics in this article: , ,
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every other month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Food