In line with the daily The echoes, the French group Lustucru, which achieves a turnover of 150 million euros and employs 300 individuals, could be on the verge of swallowing Panzani. The well-known pasta model at present belongs to the Spanish group Ebro Meals, the main Spanish meals group.
In line with the enterprise each day, the latter asks for 600 million euros to promote Panzani which at present weighs 470 million euros in turnover and employs 800 individuals.
To be big, you need to pay 600 million euros
To purchase the dry pasta sector of this firm, which weighs thrice greater than it, Lustucru (owned by the Cohen-Skalli semolina households) has joined forces with the British CVC fund, which manages some 118 billion dollars in belongings.
If the operation was finalized, it might enable the start of a French pasta big. The dry pasta division of Ebro is #1 in France with 30% of the market share, forward of the Italian Barilla and the French Lustucru, solely third participant out there.