Spain’s Atitlan Group has agreed to buy 100 per cent of Frutas Romu a family-owned citrus producer based in Murcia. The deal is due to be finalised in the next few weeks.
Romu has more than 1,300ha of citrus production in Murcia, Huelva and Valencia and last year turned over €34.24m. Around 80 per cent of the firm’s sales are to the UK and Spain.
This marks the latest foray into the agricultural sector for Atitlan, which is led by Roberto Centeno, son-in-law of Juan Roig, the president of Mercadona.
In 2007 it acquired Elaia, a company producing olives and almonds with more than 15,000ha of production, and in 2012 it took over aquaculture company Sea8.
“Frutas Romu marks a new milestone in the expansion of Atitlan and the group’s first venture into citrus and stonefruit,” the company said on Friday.
Romu has struggled in recent years, recording a loss of €2m in 2018, compared to a profit of €0.79m in the previous year.