Fund managers including Raper Capital have invested in Ricegrowers Limited (ASX:SGLLV).

The available commentary focuses on SPC Global Holdings rather than Ricegrowers directly. Raper Capital suggests SunRice could act as a strategic consolidator of Australian dry grocery brands such as SPC, Goulburn Valley and Ardmona, adding them to its existing sales and distribution network with near-total overhead savings.

The available fund manager commentary does not set out specific risks for Ricegrowers. Raper Capital describes SunRice's earnings profile as flat to declining, while noting it is a much larger, dividend-paying business with a long operating history and lower depreciation relative to EBITDA than SPC.

Ricegrowers Limited is a rice food company founded in 1950 and headquartered in Leeton, Australia, operating across Australia, New Zealand, the Pacific, Asia, Europe, the Middle East, Africa and North America. Segments: International Consumer Packaged Goods; Australia and New Zealand Consumer Packaged Goods; and Bulk Rice and Animal Feed. Activities include paddy rice receipt and storage; rice milling, processing, distribution and marketing; rice-growing research and development; and animal feed and nutrition. Products span rice foods and ingredients, bakery, condiments, gourmet and special occasion foods, pet food and equine products. Brands include SunRice, Solrais, Trukai, CopRice, SunFoods and Riviana.