October 20, 2021 |
Chilean berry grower Hortifrut said it has entered into a deal to acquire 100% of Spanish rival Atlantic Blue for €241 million ($280 million), expanding its business in Spain as well as Morocco and Peru.
With the deal, which is subject to legal approvals in Spain, Hortifrut will gain 400 hectares of berry fields in Spain, 248 hectares in Morocco and another 400 in Peru, as well as a processing plant in Spain, according to a securities filing late on Monday.
"This is a significant step to boost o
Chilean fruit grower acquires Atlantic Blue to expand business in Africa, Europe and Peru