Unifrutti Group, a leading entity in the food and beverage industry trends, has finalized an acquisition of Fondaco Nuovo, a prominent producer of blood oranges based in Italy. The financial specifics of this transaction are currently undisclosed.
This strategic move, announced on April 23, aligns with Unifrutti’s objective to enhance its owned production capabilities and solidify its position within the European citrus market. The acquisition more than doubles the company’s total controlled area in Italy to approximately 670 hectares.
Additionally, this purchase builds on Unifrutti’s established footprint, following its acquisition of a controlling stake in Oranfrizer, another Sicilian producer of blood oranges, in 2020. Fondaco Nuovo spans around 400 hectares in the foothills of Mount Etna, specializing in the cultivation of premium Tarocco blood oranges, along with various Tarocco clones, mandarins, limes, and finger limes.
Unifrutti emphasized that the deal “reinforces” its commitment to Europe as a core market, focusing on creating an “integrated, production-led platform.” By increasing its owned production, the company aims to guarantee “greater consistency, quality, and reliability” for its customers.
Furthermore, this transaction enhances Unifrutti’s “dual-hemisphere supply model,” ensuring year-round availability of products. This strategic expansion lays the groundwork for deepening retail relationships in Europe, as Italy serves as a pivotal anchor for the organization’s plans.
In December, Unifrutti increased its presence in Peru with the acquisition of Safco, a table grape supplier. Following that, in January 2024, the company acquired Verfrut, a Chile-based supplier and exporter, and subsequently completed the acquisition of Bomarea in Peru and the local operations of AvoAmerica in March.
Now managing 16,000 hectares, Unifrutti supplies over 1,000 customers in more than 50 countries, further positioning itself at the forefront of food and drink consumer trends. The company’s expansions and acquisitions exemplify its commitment to adapting to the dynamic landscape of the food and drink business while continuing to meet the evolving demands of consumers globally.
