The famous Lyon-based pasta brand Panzani is to change hands. Hitherto owned by Ebro Foods, the group is to be acquired by investment fund Cvc Capital Partners for 550 million euros.
On 26 July, Spanish food industry specialist Ebro Foods announced its intention to sell to Luxembourg-based Cvc Capital Partners for 550 million euros, according to Afp. The sale would only involve Panzani’s dry pasta, couscous, sauces and semolina businesses. A transaction that includes in particular Panzani, Ferrero and Zakia brands, producer of couscous seeds, as well as all operational assets related to these brands, including factories and mills. Ebro would still retain its fresh pasta brands Lustucru Sélection and Taureau Ailé rice.