ADQ, Abu Dhabi-based investment and holding company, has signed an agreement to acquire a majority equity stake in Unifrutti Group, a leading global producer and distributor of high-quality fresh produce, to expand its food and agriculture portfolio.
Unifrutti is a global champion in the production, trade and distribution of more than 100 varieties of fresh produce including apples, bananas, cherries, grapes and citrus fruits. With nearly 560,000 tons of fresh fruit sold annually and over 14,000 hectares of farms across four continents, the group operates with full integration along the value chain, serving more than 500 customers in 50 countries.
ADQ will acquire Unifrutti’s stakes from existing shareholders. Completion of the transaction is subject to customary closing conditions, including regulatory approvals.
Gil Adotevi Executive Director Food & Agriculture ADQ
“We are developing our food and agriculture portfolio with the aim of generating strong financial returns while bolstering food resilience in the UAE. Our investment in Unifrutti would enable ADQ to develop a global platform for fresh produce that complements our other portfolio companies throughout the food value chain. We believe our long-term strategic investment will help accelerate Unifrutti’s next phase of growth and build on its strong position as a leader in the global fresh produce sector.”
Speaking on behalf of the shareholders at Unifrutti Group, the De Nadai and Mondin families commented, “ADQ’s track record in the food and agriculture sector makes the company an ideal major shareholder and investor. We share a common belief in the global growth potential of the fresh produce sector and a strategy to capture commercial opportunities present in the sector to generate sustainable growth. As such, this agreement is a significant 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 build on ADQ’s food and agriculture portfolio. Its portfolio includes investments in Louis Dreyfus Company (LDC), Silal, Al Dahra Holding, and Agthia Group.
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