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Announced

8th Avenue Food & Provisions to acquire Ronzoni from Riviana Foods.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Single Bidder

Domestic

Private

Food Products

Acquisition

Friendly

dry pasta

United States

Pending

Synopsis

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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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