IDeA Agro has acquired a majority stake in S.P.O. Zentrum to enhance its growth and position as a leading player in the Sicilian citrus market while promoting sustainable agricultural practices.

Target Information

IDeA Agro has acquired a majority stake in S.P.O. Zentrum, a leading platform in Sicily for the production, packaging, and distribution of citrus fruits in Italy. This acquisition supports the growth trajectory of the company, spearheaded by entrepreneurs Paola and Giacomo Rizzo. S.P.O. Zentrum has established itself as a prominent player in the horticultural sector, boasting a loyal retail client portfolio.

The deal involves IDeA Agro investing in Agrimediterranea, the agricultural holding company owned by the Rizzo family, which oversees S.P.O. Zentrum’s operations. The primary goal is to support the company’s development within a sustainable agriculture initiative aimed at innovating and enhancing local agricultural practices.

Industry Overview

The agribusiness sector in Italy, particularly in Sicily, is characterized by a rich agricultural heritage, predominantly focusing on citrus fruit production. Sicilian citrus fruits are renowned for their quality and flav