BiaVest acquires majority stake in German pasta business Riesa Nudeln

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.

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