UNITED ARAB EMIRATES & PERU - A strategic acquisition has expanded Unifrutti’s table grape platform in Peru, as the company moves to integrate Safco’s production footprint and proprietary varieties across its global network. The deal, which includes Global Agro Peru and Safco Peru, adds roughly 560 hectares of vineyards and two packhouses in Ica, according to a Yahoo! Finance article.
Safco supplies premium table grapes to U.S. retailers, focusing on varieties including Cotton Candy, Sweet Globe, and Autumn Crisp. Upon completion, the transaction will bring the group’s total holdings to more than 4,300 hectares of table grape farms and an annual output of nearly 15 million boxes.
“The integration of Safco enables Unifrutti to serve U.S. customers seamlessly from September through June, sourcing from grape farms in Piura and Ica in Peru, Copiapó in northern Chile, and extending through central Chile,” the company shared, noting additional support from farms in Italy and South Africa for European customers.
Completion of the deal remains subject to customary closing conditions.
“This acquisition marks another step in our journey to build the world’s leading sustainable multi-fruit company with a 52-week integrated supply,” said Mohamed Elsarky, CEO. “By integrating Safco’s premium varieties and capabilities, we reinforce our ability to serve leading retailers and distributors worldwide.”
The group has expanded through a series of acquisitions in recent years, including Bomarea, AvoAmerica Peru, and Verfrut, bolstering its footprint across key categories and geographies.
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