Ebro Foods subsidiary Riviana Foods has signed an agreement to acquire the assets of InHarvest for $48.75 million.
InHarvest is a Californian manufacturing company that produces speciality rice, whole grains and quinoa with a focus on foodservice, ingredients and retail sectors.
The acquisition includes two production plants in Colusa and Woodland, which the company says are “strategically located” in the rice-growing area of western US, and will help expand Riviana’s operations and footprint in California.
“The acquisition of the InHarvest business is an excellent fit and consistent with our strategic plan to expand our position in the speciality value-added rice, quinoa and grains markets,” said Enrique Zaragoza, president and CEO of Riviana.
The transaction is expected to be completed in April 2022.
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