Italy-based fruit and vegetable supplier Gruppo Orsero has acquired the remaining 50% of the capital of local peer Moncada Frutta that it does not already own.

It is the second such deal struck by Orsero in less than two months. In early June it took full control of Sardinia-based Fruttital Cagliari, in which it already held a stake.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Orero said its latest deal, for an undisclosed sum, will increase its penetration in Sicily, where Moncada is based.

It told the Italian stock exchange – Mercato Telematico Azionario of Borsa Italiana (MTA) – that the  acquisition will be paid partly in Orsero shares and partly in cash. Post-deal, the Moncada family will own 176,825 shares in Orsero, equal to 1% of its share capital.

Moncada Frutta, part of the larger Moncada Group, specialises in the wholesale distribution of fruit and vegetables in Sicily with a particular focus on pineapples and bananas. Orsero took a 50% stake in the business back in 2011.

Raffaella Orsero, group CEO, said: “With this acquisition, Orsero has completed the integration of the companies previously held in JV with local partners into the group. Moncada Frutta has a leading position in the distribution of fresh fruit and vegetables in Sicily but there are still many opportunities for growth, especially in large-scale retailers.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Angelo Moncada, chairman of Moncada Frutta, said: “The complete integration of Moncada Frutta into Orsero Group opens up new opportunities for development and synergy in Sicily. In fact, the operation has a great strategic value in strengthening Orsero Group’s activities on the island and for opening up to new and interesting collaborations with the other companies of Moncada Group.” 

In 2019 Moncada Frutta achieved revenues of approximately EUR16.8m (US$19.7m).

Orsero hopes to wrap up the deal by the end of September.