Spanish food group Ebro Puleva has announced the successful completion of its acquisition of all of the outstanding shares of common stock of US rice firm Riviana Foods.
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Ebro Puleva said the acquisition was completed on 2 September through the merger of the Spanish company’s US subsidiary into Riviana. As a result of the merger, Riviana is now an indirect wholly-owned subsidiary of Ebro Puleva.
The merger follows a cash tender offer for all the outstanding shares of common stock of Riviana at a price of US$25.75 per share.
Based in Houston, Texas, Riviana Foods is one of the largest processors, marketers and distributors of branded and private label rice products in the United States, with brands including Mahatma, Carolina and Success. The company has additional food operations in Central America and Europe.
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