Martinavarro and Rio Tinto join forces to create Citri&Co
The Garavilla family and the management team of Rio Tinto have signed an agreement to join the founding families of Martinavarro (the Martinavarro and Ballester families), the management team of Martinavarro, and Miura , to create the group Citri&Co as the European leading group in the production and marketing of conventional and organic citrus.
Both Rio Tinto and Martinavarro will continue to be run independently. The formation of Citri&Co is a strategic transaction that will allow clients from both companies to benefit from the group’s key strengths by providing a wider range of citrus product s and ensuring security of supply managed under the Total Quality model.
Following the foundation, Citri&Co plans to enter into new markets and expand its product portfolio, to continue to work to diversify its supply from both the Northern and Southern Hemisphere.
About Martinavarro
Martinavarro, founded in Almazora (Castellón) in 1946 by the Martinavarro, Dealbert and Ballester families is the European citrus export leader with sales of over 280 million euros, and more than 420,000 tons of managed citrus fruits, sold to leading distribution chains in Europe.
Headquartered in Almazora (Castellón), Martinavarro manages around 6,000 hectares and 4 packing houses in Castellón, Valencia and Huelva. It has subsidiaries in several countries including Holland and the United Kingdom.
About Rio Tinto
Rio Tinto, founded in El Campillo (Huelva) in 1989 by Carlos Morera (current general manager), and developed with the support of the Garavilla family, is a leading European producer of organic citrus fruits.
Rio Tinto operates under an integrated model with owned land dedicated to organic farming, exclusive ecological production and packing, all with organic production certificates and facilities that guarantee the quality and safety of its products. Rio Tinto also produces and markets conventional citrus. In total, Rio Tinto manages more than 2,000 hectares with a production of around 62,000 tons, 2 packing houses in Huelva and Valencia, and sales of over 43 million euros.
For more information:
Tina Diaz
Tel: +34 93 217 2217
adiaz@llorenteycuenca.com
www.martinavarro.es
www.rtfruit.com