Type Sociedad Anónima Number of employees 4,980 | Traded as BMAD: EBRO Revenue €1.702 billion (2010) Founded 11 May 1998 | |
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Key people Antonio Hernández Callejas (Chairman and CEO) Stock price EBRO (BME) € 19.06 +0.16 (+0.85%)10 Mar, 5:36 PM GMT+1 - Disclaimer Subsidiaries New World Pasta, Riviana Foods Inc. | ||
Ebro Foods, S.A. (/ˈiːbroʊ fuːdz/; [ˈeβɾo ˈfuðs]), formerly Ebro Puleva, is the leading company in the Spanish food processing sector. Ebro Foods is the world's largest traders/miller of rice and the second biggest producer of pasta (its Panzani brand is a market leader in France). The company's head office is in Madrid.
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History
In 2005, Ebro Foods sold Catesa Foods for $37.9m. Catesa Foods specializes in tropical fruits, flowers and ornamental plants on Tenerife Island.
Ebro was previously the largest manufacturer of value-added dairy products in Spain, until it sold this business unit to Lactalis in March 2010 for €630 million. It also was Spain's largest sugar producer prior to the divestment of that division to the British Sugar subsidiary of Associated British Foods in 2009. Ebro Foods operates in 23 countries worldwide.
International development
Ebro Foods owns one company in North America:
Ebro Foods owns the Puleva Biotech subsidiary, which engages in the research and development of new functional food products.
It has a biofuel production joint venture with Abengoa.
Financial activity
The company's shares are listed on the Bolsa de Madrid.