Grupo Alimentario Citrus (GAC) has acquired two companies, both specialists in producing ready-to-eat salads, with a branch in Switzerland and another in Italy. This operation adds to the acquisition of the German company Thurländer last October and is encompassed in the growth and internationalization plan that was put in motion by GAC in 2015. Following this double acquisition, the group strengthens its position in the European market of ready-to-eat products, one of the company's strategic business areas.
The acquired companies belong to the French co-operative group Agrial and are specialists in the production of ready-to-eat salads and fresh produce. The plant that is located in Hünenberg (Switzerland), close to Zurich, has 130 employees and reached a €24 million turnover in 2018. On the other hand, the Italian plant, located in Novara (close to Milan), employs 44 people and had a €9.7million turnover in the last calendar year.
“We want to become the first choice for consumers when it comes to fresh, healthy produce and with this acquisition we can take our innovative capacity and our assortment to new markets and new consumers”, explained Rafael Boix, GAC General Manager. “The new plants in Switzerland and Italy represent a milestone in our international growth plan and strengthen us in order to carry on growing even more sustainably”.
Following this operation, GAC guarantees staff stability and it will maintain the production for the Swiss and Italian markets, where both acquired companies supply the main distribution chains, as well as the food service and horeca channels.