Wednesday, November 29, 2023

Ebro Foods to purchase InHarvest through US subsidiary

The Ebro Group, through its US subsidiary Riviana Foods, has reached a binding agreement to purchase the assets comprising the business of InHarvest.

InHarvest is a company with a strong presence in the industrial (B2B), Food Service and Private Label businesses for premium specialities in rice, quinoa and grains in the United States.

This acquisition includes the two plants operated by InHarvest in Colusa and Woodland (California), strategically situated in the rice-growing areas of western United States, where the Ebro Group does not yet have any factories. The business employs approx. 140 workers and posted a turnover of USD 50.3 million in 2020.

The agreed transaction price is USD 48.75 million.

The transaction is expected to be completed in early April 2022.

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