Ebro Foods acquires 52% stake in flour company Santa Rita Harinas

Spain-based Ebro Foods has acquired a majority interest in premium flour company Santa Rita Harinas.

In a filing with Spanish stock market CNMV, Ebro stated that it acquired a 52% stake in the company.

In addition to flour, Santa Rita Harinas sells a wide range of products such as dry onions and sesame seeds, reported Just-food.com.

With the €4.8m acquisition, Ebro has entered the retail flour and premium ingredients segment.

Ebra was quoted by Foodingredientsfirst.com as saying: “Santa Rita is a company dedicated to the production and marketing of flours and preparations for cooking, which supported a strong R&D and innovation has managed to lead the premium segment of packaged flours.”

This acquisition is also indicative of Ebro's strategy to invest in high-growth potential segments.

In addition to the benefits of collaborative research and development, Ebro expects the acquisition to bring in synergies in areas of industrial, sales and logistics.

Santa Rita Harinas will also be able to boost its presence in overseas markets by leveraging Ebro's global commercial networks.

The flour company has a production plant in Loranca de Tajuña, where it employs 15 people.

Ebro generates annual sales of approximately €2bn.