View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
April 13, 2021updated 15 Jun 2021 11:07am

Ebro to invest in Riviana Foods rice production

Ebro Foods is investing in a factory in the US – a market where the Spanish company has been offloading assets – to expand production capacity at the plant.

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 company is spending US$15m at its site in Memphis to grow its capacity to make instant-rice products.

Ebro’s Riviana Foods arm said the project will update existing production lines and replacing a line dedicated to the production of instant brown rice. The moves will “increase reliability, volume output, productivity and efficiency and, just as important, advance the sustainability of the production process”, Riviana said. The project is expected to be completed in the third quarter.

Last month, Ebro announced the sale of its US pasta brand Ronzoni, striking a deal to offload the assets to local private-label supplier 8th Avenue Food & Provisions.

In November, Ebro unveiled a deal to sell a clutch of pasta brands in the US, Prince, Creamette and Skinner, to local manufacturer TreeHouse Foods. A week earlier, Ebro said it agreed to offload its Catelli dried pasta business in Canada to Italian counterpart Barilla.

Last month, Les Echos said Ebro's France-based pasta business Panzani was reportedly on the radar of local peer Lustucru, which the French newspaper said was considering teaming up with private-equity firm CVC to bid for the assets.

However, Ebro refused to be drawn on the report and said it had not put Panzani on the block. "This issue has been on the market from the divestment of our North American dry-pasta businesses," a spokesperson said.

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