One of the nurseries of Agromillora.
Investcorp, a global provider and manager of alternative investment products, yesterday announced that it has completed the acquisition of a majority stake in Agromillora Group. The founders and management team of the Company will maintain a minority stake in the Company as part of the transaction.
Founded in 1986 in Barcelona, Agromillora is the leading global developer of high yielding plants and trees, with a key focus on permanent crops, including stone fruits, citrus, nuts, berries, olive trees and grape plants. In the 1990s and early 2000s the company pioneered the production and marketing of trees for high yielding olive orchards with the disruptive technology of high-density planting and has also been promoting similar agronomic improvements for almonds, citrus and other fruit trees.
The company has since diversified providing nurseries and growers worldwide with a complete portfolio of high quality plants through tissue-culture propagation laboratories located across five continents and developing proprietary rootstocks for high-density plantation models and products. Agromillora’s growth in recent years has been driven by its consistent innovation and strong Research &Development capabilities as well as by international expansion in North and Latin America, Australia and the Middle East.
Today, the company has 11 production facilities in ninecountries, reaching a market of more than 300 nurseries and 1,500 growers in more than 25 different countries, and employs over1, 200 employees worldwide. In 2016 the company plans to produce and sell more than 65 million plants worldwide.
Commenting on the investment, Johannes Glas, Managing Director at Investcorp in Qatar, said,“Agromillora is a very well respected name within the global agriculture industry and has a strong tradition of innovation, which is something that greatly appealed to us when we initially explored this investment opportunity".
There is an excellent management team at the helm and I believe Investcorp will add significant operational expertise when pursuing the growth of the business,” Glas added.
