Fredericks Michael & Co. initiated this transaction and acted as exclusive financial advisor to Ebro Foods S.A. (BME: EBRO), a global leader in rice and pasta products headquartered in Madrid, Spain.
Tilda is a producer of premium basmati and specialty rice founded in London in the early 1970s. The Tilda brand is sold in countries across five continents and is particularly renowned in the UK market, which accounts for 60% of sales. Tilda has two plants in Rainham (UK) and a global workforce of 326 employees.
The Tilda transaction furthers Ebro’s strategy to enhance its portfolio of global premium brands in the rice sector, while acquiring a strong foothold in the United Kingdom.
About Ebro Foods
Ebro Foods S.A. (BME: EBRO) is engaged in the production, marketing and selling of rice, pasta and sauces. Ebro is present in more than 80 countries across Europe, North America, Asia and Africa, and generated revenues in excess of €2.6 billion in 2018. For more information, visit www.ebrofoods.es.
About Hain Celestial
The Hain Celestial Group (Nasdaq: HAIN), headquartered in Lake Success, NY, is a leading organic and natural products company with operations in North America, Europe, Asia and the Middle East. Hain Celestial participates in many natural categories with a number of well-known brands internationally providing consumers with A Healthier Way of Life. For more information, visit www.hain.com.
