Citri&Co, a Miura Partners’ portfolio company and the largest vertically integrated player specialized in fresh fruit in Europe, has acquired Arco Fruits, a French company specializing in the sale and distribution of organic, zero post-harvest treatment and agroecological citrus and stone fruit.
The transaction reinforces Citri&Co’s sustainability strategy, strengthens its market share in France and increases its operational and commercial capabilities in the region. Founded in 1988 and with logistics headquarters in Perpignan, Arco Fruits is a referent distributor among the main retailers in the country through renowned brands.
France is one of the most relevant European countries in citrus and fresh fruit, and the organic segment represents 14% of total fruit consumption. Thanks to Arco Fruits, Citri&Co broadens its sustainable products portfolio and improves its position in this category. In fact, RioTinto ―a company within the group― and Arco Fruits were already strategic partners.
Arco Fruits will continue to be led by current President & Director Jean Contreras and the management team, who will rely on Citri&Co’s know-how and strengths to further develop the organic categories in the French market. After the acquisition, Citri&Co will boost commercial and operational synergies with Arco Fruits to achieve a fully integrated supply, resulting in a better and closer client service.
Citri&Co recently acquired a stake in Agricola Famosa in Brazil, the world's leading grower and distributor of melon and watermelon. The group continues to take steps to become a 12-month supplier of best quality fresh fruit in strategic categories, while continuing to advance in sustainability, aiming to reduce water and carbon footprint, promote healthy eating and preserve the harvesting areas.
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