SAO PAULO:
Abu Dhabi-controlled fresh food producer Unifrutti is expanding its footprint in Latin America with two acquisitions in Peru, building on a previous purchase in the region as the firm eyes continued growth in the fruit market.
The company has reached a deal to buy both AvoAmerica Peru and Bomarea from US-based Solum Partners and Alpine Fresh, it said on Saturday, following its January acquisition of Verfrut, which produces fruits in Chile and Peru.
Unifrutti, which distributes 500,000 metric tons of fresh fruits worldwide per year, has been controlled by ADQ since 2022 as the Abu Dhabi sovereign wealth fund focused on agriculture as a way to boost its financial gains and increase food resilience in the United Arab Emirates.
The newly acquired companies grow avocados and blueberries, both new markets for the company.
Published in The Express Tribune, March 10th, 2024.
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