who owns ebro foods
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who owns ebro foods

who owns ebro foods

In early 2017 the company plans to combine its rice and pasta businesses. Houston, Texas (December 14, 2016) – Ebro Foods, S.A. announced today the upcoming merger of its U.S. rice and pasta companies, Riviana Foods Inc., American Rice, Inc. and New World Pasta Company, creating the largest manufacturer and marketer of rice products and the second largest producer and distributor of pasta products in the United States. I urge you to complete your research by taking a look at the following: To help readers see past the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. However, if you are building an investment case for EBRO, ownership structure alone should not dictate your decision to buy or sell the stock. Ownership structure has been found to have an impact on shareholder returns in both short- and long-term. Ebro Foods entered the U.S. market in 2004 when it acquired Houston-based Riviana Foods, which purchased American Rice in 2011 and now produces brands such as Mahatma, Success, Minute Rice, Water Maid and several private labels. Rather, you should be looking at fundamental drivers such as Ebro Foods's past track record and financial health. [8], Effective January 1, 2017, American Rice, Inc. and New World Pasta Company merged into Riviana Foods Inc.[9], "Company Overview of New World Pasta Company", "Ebro Puleva to buy US, Canada's new world pasta for 362.5 mln usd UPDATE", "Ebro Puleva will acquire New World Pasta, leader in pasta in the USA and Canada", "New World Pasta Buys Strom Products' No Yolks® and Wacky Mac® Dry Pasta Brands and Assets", "Spain-based food co. to combine brands into Houston-based business", https://en.wikipedia.org/w/index.php?title=New_World_Pasta&oldid=984011347, Companies based in Harrisburg, Pennsylvania, Creative Commons Attribution-ShareAlike License, This page was last edited on 17 October 2020, at 16:45. Simply Wall St is a financial technology startup focused on providing unbiased, high-quality research coverage on every listed company in the world. Institutional Ownership. Effective January 1, 2017, American Rice, Inc. and New World Pasta Company merged into Riviana Foods Inc. After its formation, New World Pasta acquired the four remaining brands of Borden's pasta business in July 2001 that the American Italian Pasta Company had not purchased a month earlier (Prince, Creamette, Catelli, and Lancia). CURRENT PRICE. For example, an active institutional investor may be more likely to hold a company accountable for certain actions whereas a passive fund will move in and out of stocks without regards to corporate governance. New World Pasta declared bankruptcy in 2004. In EBRO’s case, institutional ownership stands at 15.27%, significant enough to cause... Insider Ownership. As part of Ebro Puleva, New World Pasta acquired Strom Products in 2012, including the No Yolks and Wacky Mac brands. In 2006 it was acquired by Ebro Puleva S.A., a food company based in Spain. Who Owns Ebro Foods SA (BME:EBRO)? Our research team consists of equity analysts with a public, market-beating track record. The Company is also involved in the production of soft … In addition, the company owns rice-growing subsidiaries in Egypt, India, and Thailand. In 2006, Ebro acquired New World Pasta, producer of Ronzoni, San Giorgio and other products, and which is also now under the Riviana corporate umbrella. [3] Ebro Foods also invests in biotechnology through Biosearch. SECTOR. Note that our analysis does not factor in the latest price-sensitive company announcements.The author is an independent contributor and at the time of publication had no position in the stocks mentioned. When you visit a website, it may store or retrieve information on your browser, mainly in the form of cookies. Learn more about the team behind Simply Wall St. Please read our Financial Services Guide before deciding whether to obtain financial services from us. The Company's product portfolio includes rice, pasta, cereals and diet products, legumes, as well as organic food, among others. EBRO:SM 18.82 EUR +0.08 +0.43%. This will allow investors to reduce the impact of non-fundamental factors, such as volatile block trading impact on their portfolio value. Riviana Foods, New World Pasta, and American Rice united under the Riviana Foodsname in 2017 to become the larges… The implications of these institutions’ actions can either benefit or hinder individual investors, so it is important to understand the ownership composition of your stock investment. I am going to take a deep dive into Ebro Foods SA’s (BME:EBRO) most recent ownership structure, not a frequent subject of discussion among individual investors. Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. The New World Pasta Company, a wholly owned subsidiary of Ebro Foods,[2] The company's high institutional ownership makes margin of safety a very important consideration to existing investors since long bull and bear trends often emerge when these big-ticket investors see a change in long-term potential of the company. Different types of investors can have varying degrees of influence on a company’s management team. This information can be about you, your preferences or your device and is used primarily to make the site work as expected. Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. 337927). Ebro Foods SA is a multinational food group operating in the rice, pasta and sauces sectors. For errors that warrant correction please contact the editor at editorial-team@simplywallst.com. It’s FREE. I find insiders are an important group of stakeholders, who are directly involved in making key... General Public Ownership. free research report of analyst consensus, the free visual representations of EBRO's historicals. is a retail branded pasta manufacturer in North America. In 2006 it was acquired by Ebro Puleva S.A., a food company based in Spain. The Ebro Group (www.ebrofoods.es), through its indirectly owned Canadian subsidiary Catelli Foods Corporation, has resolved to sell its 'Catelli' dry pasta business in Canada to the Barilla Group (https://www.barillagroup.com/en). [4][5] [6][7], As part of Ebro Puleva, New World Pasta acquired Strom Products in 2012, including the No Yolks and Wacky Mac brands. As of 03:00 AM EST 11/17/2020 . SEE QUOTE. Try D&B Hoovers Free Therefore, it is beneficial for us to examine EBRO's ownership structure in more detail. Ebro Foods reaches an agreement with TreeHouse Foods to sell part of its dry pasta and noodles business in USA Madrid, 5th November 2020. New World Pasta headquarters are in Harrisburg, Pennsylvania. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. The company was formed in 1999 when the Hershey Company's pasta business was divested to a private equity group. Simply Wall St does a detailed discounted cash flow calculation every 6 hours for every stock on the market, so if you want to find the intrinsic value of any company just search here. The business sold comprises the brands Catelli®, Lancia® and Splendor® and the plant in Montreal (Quebec). Ebro Foods SA is a Spain-based company primarily engaged in the food industry.

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