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Announced

Orsero to acquire CAPEXO and 80% stake in Blampin.

Synopsis

Orsero, a distributor of premium fresh fruit and vegetables, agreed to acquire CAPEXO, a distributor of fruit and vegetables, and 80% stake in Blampin, a group of 10 companies specialised in the distribution of fruit and vegetables. Financial terms were not disclosed. “With two unique acquisitions for the sector, we significantly strengthen our presence in France, a key country both for the history of our Group and for the growth and future development. We are certain that the Group will also acquire an important know-how on the exotic product of which in Capexo they are masters and on the hyper-sophisticated and advanced management of trade on wholesale markets, expertise from the Blampin family. Furthermore, we like to recall that we at Orsero have always believed in people and that is why one of the key elements of the two transactions will be the operational continuity ensured by the retention of the work teams of both the acquired companies including, uncommonly, the current selling shareholders that will play a key role in the coming years," Raffaella Orsero, Orsero CEO and Matteo Colombini, Orsero Co-CEO and CFO.

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