Italian rice business Euricom has acquired the rice division of French multinational Marbour Group for an undisclosed sum.
The deal sees Euricom acquiring rice businesses in the Netherlands, Poland and Italy, “becoming, as a matter of fact, a pan-European group”.
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It has taken over 100% of the capital of Van Sillevoldt Rijst in Papendrecht in the Netherlands, which owns a processing and packaging plant.
The company has acquired Przedsiebiorstwo Rol-Ryz in Gdynia in Poland, which operates in the rice markets of eastern and central Europe and acts as a logistics hub for Scandinavia and the Baltic countries.
The third deal is for Gariboldi, based in Valle Lomellina in Italy, which has a par-boiled rice plant that will complement Euricom’s nearby Curti plant.
The three acquired plants have a total production capacity of around 200,000 tons.
Euricom Group said its annual revenue is likely to increase to around EUR630m (of which approximately EUR200m results from the acquisition) and it will now employ around 1,000 people.
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By GlobalDataBruno Sempio, president of Euricom, said: “This acquisition will improve the group’s ability to serve its customers throughout Europe, strengthening with them a long-term commercial relationship, through an integrated network of plants across the continent, covering the procurement, import, processing, storage and distribution to the major customers in retail, foodservice and industry throughout the European Union.
“The strengths of three acquired companies are perfectly complementary to Euricom activities, especially for their geographical location that allows to easily cover the northern Europe markets, thus completing the group’s potential with the already existing plants in southern Europe.”
Euricom, a family-owned group, owns 12 companies worldwide and sells its products in 40 countries through well-known rice brands such as Curtiriso.
