Panzani acquired by CVC

Spanish food group Ebro Foods has entered into an agreement to divest its French dry pasta, couscous, semolina, and sauce business, which is consolidated under the Panzani brand, to CVC Capital Partners. This transaction is part of Ebro's strategy to refocus on its core activities, particularly in the fresh pasta and higher-value-added product segments. The sale process, which was managed through a competitive auction led by investment banks, attracted several industrial players and investment funds before CVC was selected as the buyer. The divested business includes the group's key brands (including Panzani and other associated brands), industrial production sites, and operational assets related to these activities. The combined entity forms an integrated agri-food production platform operating primarily in France, with a strong presence in the consumer goods market. The transaction also marks a change in ownership for a business that has historically been part of a large industrial group, with a shift to control by an international investment fund. The expected outcome is to support the development of the brand and accelerate growth initiatives, particularly in product diversification and geographic expansion.