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.

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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