Unifrutti, backed by the ADQ sovereign fund, has acquired Global Agro Perú and Safco Perú for USD 150 million, enhancing its export capabilities of table grapes to the U.S. and European markets.

Target Company Information

Unifrutti, a multinational company under the Abu Dhabi sovereign fund ADQ, has acquired 100% of Global Agro Perú and Safco Perú, two Peruvian firms that specialize in the production and export of table grapes. The acquisition was valued at approximately USD 150 million and was executed with the Chilean company Rio King, which owned both enterprises along with minority partners. Safco managed around 560 hectares of vineyards in Peru and operated two packing plants in the Ica region, primarily catering to the U.S. market with exclusive grape varieties such as Cotton Candy, Sweet Globe, and Autumn Crisp.

CEO Mohamed Elsarky noted that this acquisition is a significant step towards establishing Unifrutti as a leading sustainable multi-fruit company globally, aiming for integrated supply for 52 weeks. With the addition of Safco’s premium varieties and capabilities, Unifrutti can enhance its service to major retailers and distributors across the globe.

Industry Overview in Peru

The Peruvian agricultural sector has shown considerable growth in fruit exports, especially table grapes, which have become a vital part of the country’s economy. With favorable climatic conditions and an expanding agricultural infrastructure, Peru has established