Harrisburg / PA. (prn) New World Pasta Company announced that it has entered into an agreement to acquire the «No Yolks» and «Wacky Mac» dry pasta brands and certain assets from Strom Products Limited for 50 million USD. The transaction is expected to close by December 31, 2011.
«The No Yolks brand commands the number one market share position within the dry pasta noodle and dumpling segment in both the United States and Canada, and provides New World Pasta an excellent opportunity to solidify its leadership position within the North American dry pasta business» said Peter Smith, President and CEO of Ebro North America, the U.S. division of Ebro Foods S.A. «In addition, this business presents manufacturing, logistical, and selling synergies which will result in the addition of two very profitable brands to New World Pasta´s portfolio».
«The acquisition of the No Yolks and Wacky Mac brands is consistent with our strategic plan to expand our leadership position within the branded North American pasta business», said Antonio Hernandez Callejas, Chairman and Chief Executive Officer of Spanish Ebro Foods, the parent company of New World Pasta. «They also enable the company to continue to capitalize upon the North American consumers´ keen interest in wellness-related products that enable them to live a healthier lifestyle».
OTHER TOPICS FROM THIS SECTION FOR YOU:
- Axfood AB: Reports Q3-2024 Financial Results
- Fodelia Group: 2024 Time of good growth and development
- Paulig Group: starts new salsas production in Estonia
- Smucker Company: sells »Voortman« to CapVest Partners
- EPP partners with Jufeba to deliver doughnut frying solutions
- Lantmännen Group Divests Scandbio
- Albertsons Companies: Reports Q2 Fiscal 2024 Results
- Axfood AB: Acquisition of City Gross now approved
- Sweden: Lantmännen establish Biogas AB
- Apetit PLC: H1-2024 result exceeded comparison period
- DPC Dash: Continues to Unleash Massive Market Potential
- Ferraro Foods: Acquires Botticelli Food Service
- One Rock Capital completes investment in Lewis Bakeries
- Almarai agrees to acquire Hammoudeh Food Industries
- Unigrains Iberia: acquires stake in Ñaming sandwiches
- Greencore Group: upgrades full year 2024 guidance
- PFG: Completes the Acquisition of Cheney Bros.
- Conagra Brands: Reports First Quarter 2025 Results
- ICA Maxi Ängelholm to Build Sweden’s Largest In-Store Farm
- Gudrun Group: Joins Natra to Create a Leading Global Platform