Spain-based Ebro Foods has acquired a 52% stake in Italian ingredient manufacturer Geovita Functional Ingredients and its subsidiary Geovita Nutrition (together Geovita) for €16.5m.
Ebro Foods claimed that the deal demonstrates its commitment to offer and promote a healthy diet and lifestyle, in which legumes play an important role.
In January, Ebro Foods acquired 100% capital of Vegetalia and Corporacio Alimentaria Satoki (jointly Vegetalia), from their founding shareholder, through its French subsidiary Alimentation Sante.
Founded in 1986, Vegetalia has been engaged in the production and distribution of a broad range of organic food products.
