Post Holdings-owned 8th Avenue Food & Provisions — a private-brand food products holdings company announced March 29 that it has agreed to acquire the Ronzoni dry pasta brand and a dry pasta manufacturing facility located in Winchester, VA from Riviana Foods Inc. Ronzoni is a 100-year-old brand with a comprehensive portfolio across traditional and value-added pasta.
In a press release announcing the sale, Riviana owner The Ebro Group said the Ronzoni brand is valued at $95 million and had 2020 net sales of $116 million.
The transaction is expected to be completed in the second calendar quarter of 2021. Financial terms of the transaction were not disclosed by 8th Avenue.
Scott McNair, Chief Executive Officer of 8th Avenue, said: “We are looking forward to welcoming the Ronzoni brand to our team, a pioneer and leader in the pasta category. With its highly on-trend, versatile product offering, state-of-the art facility, and impressive customer base, Ronzoni has a strong foundation from which to build on its leading market presence. Together with the Ronzoni team, we look forward to driving further growth and scale by delivering innovative products to all our loyal customers.”
8th Avenue Food & Provisions is a private brand-centric, consumer products holding company. It manufactures private brand food products, including nut butter, dried fruit and nut, granola and pasta, primarily to retail, foodservice and food ingredient customers. 8th Avenue Food & Provisions was formed in October 2018 through a combination of Post Holdings’ private brands businesses and is owned by Post Holdings and third parties.
