New World pasta

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New World pasta

logo
legal form Corporation
founding 1996
resolution January 1, 2017
Reason for dissolution Merger to become Riviana
Seat Harrisburg , United States
management Bastiaan de Zeeuw
Number of employees 1,300
Branch Food production

The American company New World Pasta is a leading pasta manufacturer based in Harrisburg ( Pennsylvania ).

Production takes place in Fresno ( California ), St. Louis ( Missouri ) and Winchester ( Virginia ) in the USA and in Montreal in Canada .

history

In 1998, New World Pasta took over Hershey Foods Corporation's pasta division with the Ronzoni and San Giorgio brands for $ 450 million. In the early fall of 2001, New World Pasta announced that 227 jobs would be lost. The production sites in Lebanon, Pennsylvania, and Omaha were closed on March 31, 2002.

In 2001, for 43.1 million US dollars, the acquisition of the pasta division of Borden Foods Corporation , completed, which generated sales of 210 million dollars a year 2000th The division produced with 1000 employees at six locations (two each in Canada , Italy and the USA).

In 2004, New World Pasta had to be put under the protective cloak of Chapter 11 of American bankruptcy law. The investment company JLL Partners held 80% of the share capital at that time .

New World Pasta has been a subsidiary of Ebro Foods SA since June 9, 2006 . This increased Ebro Puleva's North American sales to over $ 600 million. At that time, New World Pasta had a market share of 28.5% in the US and 40.9% in Canada. New World Pasta achieved sales of almost $ 304 million in 2005.

In December 2011, New World Pasta, the brands acquired No Yolks and Wacky Mac the company's current Products for $ 50 million. The two brands were launched in 1976. No Yolks appeals to the health conscious shopper and has a market share of 15.6% in the United States and 29.4% in Canada. Wacky Mac is more for the "trendy" buyer, the products are available in different colors. Together, the brands achieved sales of $ 37.5 million in 2011. The purchase was completed on December 31, 2011.

On January 1, 2017, New World Pasta merged with American Rice Inc. to become Riviana Foods Inc.

Brands

Web links

Individual evidence

  1. ↑ a b c Bloomberg Businessweek (Ed.): Company Overview of New World Pasta Company, Inc. ( businessweek.com [accessed January 24, 2016]).
  2. ^ New World Pasta files for bankruptcy protection . In: The New York Times . May 11, 2004 ( HTML [accessed January 10, 2013]).
  3. ^ New World Pasta (Ed.): About New World Pasta . Our Heritage. ( HTML [accessed January 10, 2013]).
  4. ↑ 3 Large Companies Award Accounts . In: The New York Times . December 4, 2000 ( HTML [accessed January 10, 2013]).
  5. ^ New World Pasta to buy most of Hershey unit . In: The New York Times . December 16, 1998 ( HTML [accessed January 10, 2013]).
  6. ^ Company Briefs . In: The New York Times . September 28, 2001 ( HTML [accessed January 10, 2013]).
  7. ^ Borden sells most of its pasta business to New World . In: The New York Times . July 31, 2001 ( HTML [accessed January 10, 2013]).
  8. ^ A b New World Pasta Acquired by Spanish Food Company . In: The New York Times . June 7, 2006 ( HTML [accessed January 10, 2013]).
  9. ↑ Ebro Puleva (Ed.): NWP - More Pasta in the New World . Market Shares, S. 22 ( ebrofoods.es [PDF; 2.4 MB ; accessed on January 11, 2013]).
  10. ↑ Ebro Puleva (Ed.): NWP - More Pasta in the New World . Financial Information, S. 28 ( ebrofoods.es [PDF; 2.4 MB ; accessed on January 11, 2013]).
  11. ^ New World Pasta Buys Strom Products' No Yolks® and Wacky Mac® Dry Pasta Brands and Assets . In: The Patriot News . December 21, 2011 ( HTML [accessed January 11, 2013]).
  12. ↑ Riviana Foods Inc. , at www.riviana.com , accessed June 10, 2018