Semi related: there was a major shift in pasta market during 2004 EU extension. To comply with EU regulations, companies from newly joining countries had to invest large sums to switch to a different type of wheat to keep producing. Malma (biggest Polish pasta company) took a big credit for this, unfortunately they took it in a subsidiary of an Italian bank, whose CEO was also a chairman of Barilla. The bank soon demanded instant full repayment of the credit, which bankrupted Malma.

Big Pasta is as bad as any other big industry.

Edit: as the comment below says, there were other factors at play around same time (reduced demand from Russia and interest rates spike) contributing.