Unifrutti Moves To Bolster Citrus Supply With Italy Acquisition

Fondaco Nuovo workplace successful Sicily. Credit: Fondaco Nuovo/ Unifrutti Group

Fruit heavyweight Unifrutti Group has struck a woody to bargain Italy-based Fondaco Nuovo, a shaper of humor oranges.

The financial position of nan transaction were not disclosed.

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In a connection yesterday (23 April), Unifrutti said nan acquisition would support nan company’s strategy to grow its owned accumulation and “strengthen its position successful nan European citrus market”.

The acquisition much than doubles Unifrutti’s full controlled area successful Italy to astir 670 hectares.

It builds connected nan footprint established done nan acquisition of a controlling stake successful Oranfrizer, different Sicily-based shaper of humor oranges, successful 2020.

Located successful nan foothills of Mount Etna, Fondaco Nuovo spans astir 400 hectares crossed 2 farms. It is known for producing premium Tarocco humor oranges.

The Fondaco Nuovo portfolio includes various early and precocious Tarocco clones, Mandarins, limes, and digit limes.

Unifrutti said nan woody “reinforces” its attraction connected Europe arsenic a halfway marketplace and its extremity of building an “integrated, production-led platform”.

By expanding owned production, nan company, which is controlled by Abu Dhabi government-backed finance money ADQ, is aiming to guarantee “greater consistency, value and reliability” for its customers.

The transaction besides “strengthens” Unifrutti’s “dual-hemisphere proviso model” to alteration year-round readiness and builds a “scalable” level to deepen unit relationships successful Europe, nan institution added, “As 1 of nan largest citrus producers successful Europe, Italy is simply a earthy anchor for this programme.”

In December, Unifrutti expanded its beingness successful Peru pinch nan acquisition of array grape supplier Safco.

In January 2024, it snapped up Verfrut, a Chile-based consequence supplier and exporter, followed by the acquisition of Peruvian peer Bomarea and nan section operations of AvoAmerica successful March of that year.

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