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TreeHouse Foods to acquire Ebro's Riviana Foods U.S. branded pastas for $242.5 million

Christian Fernsby |
TreeHouse Foods announced that it has signed a definitive agreement to acquire the majority of the U.S. branded pasta portfolio of Riviana Foods, a subsidiary of Ebro, for $242.5 million in cash.

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The acquisition includes well known regional brands, including Prince (Northeast), Creamette (Midwest) and American Beauty (West) and generated revenue of approximately $200 million for the twelve month period ended June 30, 2020.

The transaction is expected to close in the fourth quarter of 2020.

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