Frutura refines details to acquire Chilean exporter Giddings Fruit

Frutura refines details to acquire Chilean exporter Giddings Fruit

The producer of berries and cherries would be Frutura's second purchase in Chile. In 2022, the Californian took over Subsole, the largest exporter of table grapes in the South American country.
Image source: Giddingsfruit.com

The California-based American, Frutura, would be about to close the purchase of the Chilean producer, packer and exporter Giddings Fruit.

Knowers of the negotiations point out to Diario Financiero that although the final agreement has not been closed, a first contract would have been signed and the amount of the transaction would be between US$240 million and US$260 million.

This is not the first purchase of Frutura in the territory. Last year, the same company acquired Subsole, another of the country’s large fruit companies which, according to the North American on its institutional website, is the largest exporter of table grapes in the country, in addition to growing other products such as citrus, kiwi, avocados, cherries and pomegranates.

The Giddings group, for its part, grows and exports mainly berries and cherries and also develops its own genetic varieties. It has plantations in Chile, Mexico and Peru and offices in the US, England and China, from which it supplies its markets around the world.

Source: Diario Financiero / Blueberries Consulting

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