Agricola Famosa and Citri & Co join forces to become a world benchmark in the fresh fruit market
The Brazilian company Agrícola Famosa, the world s largest melon and watermelon producer and exporter, and the Spanish group Citri & Co, the largest European producer and distributor of citrus and stone fruit, have partnered to become a world benchmark in the fresh fruit market, both companies announced in a joint press release. This alliance will allow both companies to strengthen their strategic positions, improve their value propositions, and provide fresh high-quality fruit to their current and future customers in strategic product categories, always adhering to the highest sustainability standards and promoting the development of the local communities where they operate,” they stated.
Venture capital interested in the powerful Spanish agri-food sector
According to data from the Spanish Association of Capital, Growth, and Investment (Ascri), private equity funds in Spain alone have 4,500 to 5,000 million available to invest. A significant part of that money goes to the Spanish agri-food sector, which proved to be one of the most resistant sectors in the pandemic.
“There is a growing demand for fresh products in Spain and in Europe with a limiting factor, i.e. the growing area. To date, it still has a very fragmented supply structure that offers winning projects possibilities to grow organically and inorganically,” stated Enrique Salamero, partner at AZ Capital.