SunRice, listed on the National Stock Exchange of Australia, is based in New South Wales, Australia. The company sells approximately 500,000 tons a year of branded rice foods principally through the retail channel and has leading positions in its main markets including Australia, New Zealand, the Pacific Islands, Hong Kong, Singapore, Papua New Guinea, the Middle East and California/Hawaii in the USA.
For the year ended 31 April 2010, SunRice reported EBITDA of AUS$56 million Ebro Foods expects SunRice to generate EBITDA of approximately AUS$70 million in the year ending April 2011.
Ebro Foods has been granted exclusivity on the basis of an Enterprise Value for SunRice of AUS$600 million.
Source: Ebro Foods
© FoodBev Media Ltd 2024