MADRID — Ebro Foods, S.A. completed the acquisition of Olivieri Foods, the fresh pasta and sauce business of Toronto-based Canada Bread Company, Ltd., following approval from the Canadian Competition Bureau. Ebro agreed to acquire Olivieri in late October for C$120 million ($115 million).

Olivieri Foods manufactures flat and filled fresh pasta products and sauces at its facilities in Hamilton, Ont., and Delta, B.C. The company had sales of C$105.5 million last year.

“The purchase of Olivieri Foods, valued at C$120 million, is an important strategic operation for Ebro, which enters the Canadian fresh pasta and sauce segment through its leading brand, thus consolidating its position as No. 1 in all the categories in which the group operates,” Ebro Foods said. “Ebro already has a strong presence in Canada through Catelli Foods, the subsidiary operating in the dry pasta sector under the Catelli brand, and the rice sector under Minute.