Announced
Financials
Tags
Majority
Single Bidder
Domestic
Private
Food Products
Acquisition
Friendly
dry pasta
United States
Pending
Synopsis
8th Avenue Food & Provisions, a consumer products holding company, agreed to acquire Ronzoni, a dry pasta brand, from Riviana Foods, a processor, marketer and distributor of branded and private label rice products. Financial terms were not disclosed. "We are looking forward to welcoming the Ronzoni brand to our team, a pioneer and leader in the pasta category. With its highly on-trend, versatile product offering, state-of-the art facility, and impressive customer base, Ronzoni has a strong foundation from which to build on its leading market presence. Together with the Ronzoni team, we look forward to driving further growth and scale by delivering innovative products to all our loyal customers," Scott McNair, 8th Avenue CEO.
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