date:Mar 14, 2013
Olam International Limited (Olam), a leading global, integrated supply chain manager and processor of agricultural products and food ingredients, announced today that it has sold Taraori Rice Mills Private Limited, the holding company for its rice milling assets in India, to Spanish rice and pasta manufacturer, Ebro Foods, for US$14.5 million.
The basmati rice mill, located in Haryana, India was acquired in 2008 and has a processing capacity of 18 tonnes of paddy per hour.
Rajeev Raina, Global