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January 18, 2018

Ebro Foods to buy majority of Italy pasta firm Bertagni

Spain's Ebro Foods is to add to its pasta assets with the acquisition of a majority stake in Italy-based Bertagni 1882.

By Dean Best

Spain’s Ebro Foods is to add to its pasta assets with the acquisition of a majority stake in Italy-based Bertagni 1882.

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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
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Ebro has agreed to pay EUR130m (US$159.2m) for 70% of Bertagni, which it described as “the oldest brand of filled pasta in Italy and a specialist of the fresh pasta premium segment”.

Bertagni shareholders and managers Antonio Marchetti and Enrico Bolla will retain a 30% stake in the business and stay on to run the company “in the same autonomous, professional and innovative way though taking advantage of all the synergies of the group”, Ebro said.

Ebro’s pasta operations include wholly-owned businesses in France and the US. The company also owns a 52% stake in Italian pasta maker Pastificio Lucio Garofalo, a shareholding it acquired in 2014.

The deal for a majority stake in Bertagni remains subject to competition approval. Ebro said it expects the transaction to be finalised during the first quarter.

It said: “Ebro considers this acquisition as a great opportunity to accelerate its growth in the promising fresh segment and become the second largest producer of fresh pasta in the world, within Ebro’s strategy of consolidating its growing in all segments of fresh food.”

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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.

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