News Formal

BiaVest acquires majority stake in German pasta business Riesa Nudeln

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 71%

Business News News

Business Business Latest News,Business Business Headlines

The German business has annual revenues of over €40 million

BiaVest, a Dublin-based food investment group, has acquired an 80 per cent stake in Riesa Nudeln, a pasta company based in Germany. The value of the deal has not been disclosed.

Riesa Nudeln has annual revenues of over €40 million and employs 150 people at its facility in Saxony. It also has a pasta museum, restaurant and ship that receives over 200,000 visitors per year.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BiaVest acquires 80% stake in German pasta companyIrish-based specialist food investment group, BiaVest, has acquired an 80% stake in German-based pasta company, Riesa Nudeln.
Source: RTEbusiness - 🏆 16. / 61 Read more »

Lidl now command a quarter of the Irish grocery marketMuch of the success of the German discount supermarkets lies of course in their lower prices. That’s why they now command between them a quarter of the...
Source: NewstalkFM - 🏆 19. / 55 Read more »