Announced
Completed
Financials
Sources
Tags
lemons
Acquisition
Spain
Majority
pomegranates
Domestic
Private
Friendly
Food Products
Private Equity
Single Bidder
Completed
Synopsis
GPF Capital-backed Natural Fruit, a Thai privately-owned fruit wholesaler, completed the acquisition of Frugarva, which produce, process and distribute lemons and pomegranates for $57m. With the integration of Frugarva into The Natural Fruit Company, the combined group now exceeds $243m in turnover and maintains its commitment to a total continuity of the current management team that will help to bring together a unique knowledge of the sector and consolidate the group's position as a leader in the citrus fruit market in Spain and Europe.
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