Unifrutti Buys Grape Grower Safco In Peru

Credit: Ignacio Montes/Shutterstock.com.

Fruit heavyweight Unifrutti Group has expanded its beingness successful Peru pinch nan acquisition of array grape supplier Safco.

Financial position of nan transaction were not disclosed.

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The woody sees Unifrutti acquiring 100% of Safco from Chilean consequence institution Rio King and different number shareholders.

Safco – which includes Global Agro Peru and Safco Peru – operates astir 560 hectares of array grape farms and 2 packhouses successful Ica, Peru.

The business supplies premium array grapes to US retailers, focusing connected proprietary varieties specified arsenic Cotton Candy, Sweet Globe, and Autumn Crisp.

In a connection today (12 December), Unifrutti said nan woody “consolidates” its position arsenic a “leading” array grape grower and exporter successful nan Southern Hemisphere.

The acquisition takes nan group to much than 4,300 hectares of array grape farms and an yearly accumulation of astir 15 cardinal boxes.

“The integration of Safco enables Unifrutti to service US customers seamlessly from September done June, sourcing from grape farms successful Piura and Ica successful Peru, Copiapó successful bluish Chile, and extending done cardinal Chile,” nan connection read.

This is “complemented” by farms successful Italy and South Africa for customers successful Europe, it added.

Completion of nan Safco woody is contingent connected customary closing conditions.

Unifrutti has expanded done a bid of acquisitions.

At nan time, Unifrutti said nan deals would adhd “premium blueberries and avocados” to its portfolio and grow its entree to cardinal markets including nan US and China.

In January past year, nan institution besides bought Verfrut, a Chile-based consequence supplier and exporter.

Unifrutti presently manages 16,000 hectares, supplying complete 1,000 customers in much than 50 countries.

The group employs astir 29,000 group crossed its halfway operations successful Chile, Peru, Italy, South Africa, nan Philippines, and Japan, and is headquartered successful nan UAE.