Private equity fund MCH and SanLucar have bought a stake in Llusar, a Castellón-based grower-marketer of premium oranges and mandarins.
According to a press release from the parties involved in the operation, the goal of the operation is to boost the company’s exports of conventional and organic citrus. The Llusar brothers, who founded the company, will retain a minority stake in the firm and its management.
Llusar has an annual turnover of €63m and exports around 85 per cent of its production, mainly to Europe and France in particular.
In the past, the company has worked closely with SanLucar to export to the German and Austrian markets.