Ebro Foods said it has no interest in acquiring Dakota Growers Pasta from Glencore Xstrata following reports linking the Spanish company to the US business.
Anglo-Swiss commodity trader Glencore Xstrata is understood to be looking to sell its pasta business as it continues to divest assets acquired from its $6bn acquisition of Viterra last year, sources told Reuters this week.
The publication said Glencore is working with Barclays to sell the Minnestota-based business in a deal which could value the company at $300m to $400m.
A spokesperson for Glencore declined to comment on whether it was looking to sell the business, but a Reuters report yesterday said Spanish food group Ebro Foods was planning to acquire the company.
A spokesperson for Ebro, however, told just food: “It is completely false. Ebro is not interested in Dakota Growers and has not made any offer for this company.”
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The reports also suggested Dakota Growers is likely to draw interest from ConAgra Foods, although the company did not return a request for comment at the time of going to press.