Riviana Foods Inc. has agreed to purchase the assets of InHarvest, Inc. for about $48.75 million.
Riviana President and CEO Enrique Zaragoza has stated that the purchase of the InHarvest company is an ideal fit and consistent with the company’s strategies to extend its position in the specialized value-added rice, quinoa, and grains industries. He added that they are pleased about this growth and look forward to adding InHarvest personnel to the Riviana family.
Ebro Foods S.A. of Madrid, Spain, the parent company of Riviana Foods, has listed four reasons why the purchase of InHarvest assets is of substantial strategic importance. According to the company:
InHarvest, Inc. specializes in the manufacture, marketing, and sale of premium specialty rice, quinoa, and grains for the food service, industrial, and retail sectors and has two production sites in Colusa and Woodland, California. The company’s California businesses are also advantageously positioned in the Western United States’ rice-growing region.
InHarvest currently employs around 140 people and has produced about $50.3 million in revenues in 2020.
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