Unifrutti Group reports increased revenue for 2021
Fresh fruit company, Unifrutti Group, has shared its performance statistics of 2021, and lays foundations for continued growth.
The Unifrutti Group, a global producer and distributor of fresh produce, reported for its fiscal 2021 year a total $720 million worth of revenue, up two percent compared to its 2020 revenue.
Over the year, the Unifrutti Group had total capital expenditure close to $41 million, “affirming the group’s organic growth expansion strategy and its aim to ensure a more efficient supply of fresh products on a global level”, according to Unifrutti Group.
These results have occurred despite the challenges that the company faced in 2021, including adverse climate conditions in Chile and Italy – two major productive locations for Unifrutti – increased costs of commodities, and the continued effects related to the pandemic.
“In 2021 we have shown that Unifrutti is ready to face the change and that we have the competencies, but above all the resilience, necessary to overcome any challenge,” said Unifrutti Group’s Chief Executive Officer, Marco Venturelli.
“Over the past year we have continued to raise our standards and we have reached new important milestones which will guide us towards a new and more sustainable future. We remain extremely confident in the prospects of our sector and absolutely convinced of the potential of our global network and integrated positioning in the fresh fruit sector.”
Unifrutti Group adds that it has been able to unite despite the complexities, implement adequate measures to address the new environmental conditions and lay solid foundations for continuous growth and expansion in the years to come.
In addition to this, in 2021 the company successfully allowed the shareholders of Unifrutti Group to sign a majority Share Purchase Agreement (SPA) with the Abu Dhabi holding and investment company ADQ.
“This transaction, when concluded, represents the start of a new chapter for Unifrutti,” said Marco Cesarotto, Chairman of the Board of Directors of Fruchte Holdings Limited, on behalf of the Shareholders of the Group.
“ADQ’s track record in the food and agriculture sector makes the company an ideal partner for us and could allow Unifrutti to capture commercial opportunities present in the sector to generate sustainable growth, increasing our global reach and further expanding our footprint in line with a long-term development strategy.”
The agreement, planned to be completed within the year 2022, enters within the long-term strategy of Unifrutti, which focuses on “vertical integration and the provision of uninterrupted availability through the creation of a global network for fresh produce”.