Lucio Garofalo

Ebro Foods, S.A. (Ebro) reports that it has signed a binding agreement to acquire 52% of the Italian company Pastificio Lucio Garofalo, S.p.A (Lucio Garofalo) for €62.5 million. The transaction is expected to be completed by the end of June. Lucio Garofalo was founded more than 100 years ago and owns the Garofalo, Santa Lucia and Russo de Cicciano brands, with a significant presence in the premium dried pasta segment …