BiaVest acquires 80% stake in German pasta company

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BiaVest acquires 80% stake in German pasta company
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Irish-based specialist food investment group, BiaVest, has acquired an 80% stake in German-based pasta company, Riesa Nudeln.

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Founded just two years ago by food sector specialists, Hilliard Lombard and David McKernan, this is BiaVest's fourth acquistion and its first in continental Europe.

It also has a pasta museum, restaurant, and shop at its manufacturing facility in Riesa, which sees over 200,000 visitors a year. The Company has an annual production capacity of 25,000 tonnes of pasta which is set to double its output to 50,000 tonnes.

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