Orsero strengthens its position in France with the acquisition of Fruttica
Orsero (Savona, Italy), one of Europe’s largest distributors of fresh fruit and vegetables listed on the Aim Italia segment of the Milan Stock Exchange, has signed a €10 million agreement to acquire Fruttica, a French importer and wholesale distributor of fruit and vegetables, mainly of Italian origin.
Image credits: Gruppo Osero
Fruttica, the main operational company of the French group Postifruits, is based in Cavaillon in Provence (where Orsero already has a presence with a logistics platform) and has an approximately 1,450 m2 warehouse with more than 150 m2 of cold storage rooms.
The company distributes more than 20,000 tons of fruit and vegetables a year, mainly to supermarkets, and in 2018 posted revenues of €24 million and EBITDA of around €2.5 million.
The acquisition, which is expected to be finalized by the end of May, follows that of the Spanish imported fruit distributor Sevimpor completed last September for a figure of €1.65 million.
