With this operation, the Italian rice multinational corporation acquires three major companies in the Netherlands, in Poland and in Italy becoming, as a matter of fact, a pan-European group.
Valle Lomellina (PV) 18 February 2019 — Euricom, an Italian multinational among the world's major rice companies, has acquired from the Marbour Group, a French multinational corporation specialized in food industry and environmental services, its European division of dry rice.
With this transaction, Euricom takes over 100% of the capital of three companies in Europe in the rice sector: Van Sillevoldt Rijst in Papendrecht in the Netherlands, which owns a modern processing and packaging plant; Przedsiębiorstwo Rol-Ryż in Gdynia in Poland, leader in the rice market in Eastern and Central Europe, logistic hub for Scandinavia and Baltic countries; Gariboldi, in Valle Lomellina (PV) in Italy, an established operator that covers the entire industrial rice process and will complement the adjoining Curti plant (Euricom Group) thanks to its parboiled rice plant which will strengthen the already existing offer of the entire Group.
The three plants have a total production capacity of around 200,000 tons.
The Euricom Group will record a revenue of about € 630 million (of which approx. € 200 million resulting from the acquisition) and approximately 1,000 employees.
”This acquisition — declares Bruno Sempio, President of Euricom — 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, food service 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 Advisor: Galaet as strategic advisor, Deloitte for administrative and financial due diligence, Jones Day for legal advice and Studio Trotter for tax advice.
Copyright 2019 ARCESA.