The ADQ expands its agri-food portfolio by acquiring a significant stake in the world leader in fresh fruits, Unifrutti

  • Strategic investment will accelerate Unifrutti’s global growth strategy

Abu Dhabi, United Arab Emirates: ADQ, an Abu Dhabi-based investment and holding company, announced today that it has reached an agreement to acquire a majority stake in the Unifrutti Group (“Unifrutti”), one of world’s leading producers and distributors of high quality fresh produce. produce, to existing shareholders.

Unifrutti is a world champion in the production, trade and distribution of over 100 varieties of fresh produce, including apples, bananas, cherries, grapes and citrus fruits. With approximately 560,000 tons of fresh fruit sold each year and more than 14,000 hectares of farms on four continents, the group operates with full integration throughout the value chain, serving more than 500 customers in 50 countries.

Gil Adotevi, Executive Director of Food and Agriculture at ADQ, said, “We are building our food and agriculture portfolio with the goal of generating strong financial returns while building food resilience to climate change. United Arab Emirates. Our investment in Unifrutti would enable ADQ to develop a global fresh produce platform that complements other companies in our portfolio across the food value chain. We believe our long-term strategic investment will help accelerate Unifrutti’s next phase of growth and strengthen its strong leadership position in the global fresh produce industry.

Speaking on behalf of the shareholders of the Unifrutti Group, the De Nadai and Mondin families said: “The ADQ’s track record in the food and agriculture sector makes the company a major shareholder and investor ideal. We share a common belief in the global growth potential of the fresh produce sector and a strategy to seize the business opportunities present in the sector to generate sustainable growth. As such, this agreement is an important milestone in Unifrutti’s journey and ADQ’s investment will enable us to expand our global footprint in line with our long-term development strategy.

The proposed investment in Unifrutti will draw on the ADQ’s food and agriculture portfolio. Its portfolio includes investments in Louis Dreyfus Company (LDC), one of the world’s largest vertically integrated food, feed, fiber and ingredient companies; Silal, Abu Dhabi’s leading fresh produce and agri-tech company; Al Dahra Holding, an Abu Dhabi-based global leader in fodder and other agribusiness sectors; and Agthia Group, one of the region’s leading agribusiness groups.

Completion of the transaction is subject to customary closing conditions, including regulatory approvals.

Discover key insights into investments, opportunities and catalysts for developing a robust regional food system in the ADQ FWD paper, “Cultivating the Future of Food, Bolstering Food Resilience”, available at: https://fwd.adq .ae/ agri-food

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About the ADQ

Established in 2018, ADQ is an Abu Dhabi-based investment and holding company with a broad portfolio of large companies. Its investments span key sectors of the UAE’s diverse economy, including energy and utilities, food and agriculture, healthcare and life sciences, mobility and logistics, among others. . As a strategic partner of the government of Abu Dhabi, the ADQ is committed to accelerating the transformation of the emirate into a globally competitive and knowledge-based economy.

For more information, visit adq.ae or write to media@adq.ae. You can also follow the ADQ on TwitterInstagram and LinkedIn.

About the Unifrutti Group

The Unifrutti Group is one of the world’s leading players in the fresh fruit market, vertically integrated in production, marketing and distribution, with more than 14,000 hectares of land in Chile, the Philippines, South Africa, Italy , Spain and Argentina. The Group controls the entire value chain and thanks to the direct ownership of land located in different climatic zones of the world, it is able to serve more than 50 countries all year round, distributing approximately 560,000 tons of fresh fruit. to more than 500 customers.

Founded in 1948 by Guido de Nadai, Unifrutti today employs more than 11,000 people at its headquarters and operating sites in Japan, Chile, South Africa, the Philippines, Italy, Spain, Argentina, Uruguay, Turkey, the Middle East, China and India.