8th Avenue Foods & Provisions, an affiliate of Post Holdings, has entered into an agreement to acquire Ronzoni dry pasta from Riviana Foods, a subsidiary of Ebro Foods for $95 million.
The divestment comes after Riviana Foods sold a majority stake in its USA branded pasta portfolio to TreeHouse Foods and Ebro Foods sold Catelli dry pasta to Barilla in Canada.
Scott McNair, CEO of 8th Avenue said, “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.”
The transaction is expected to be closed in the second quarter of 2021.