AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Highlights
- Macquarie strengthens its agricultural asset platform with a major acquisition.
- Fresh Produce Group is valued at a significant amount in the agriculture sector.
- The deal bolsters Macquarie’s global footprint in food production.
Macquarie’s real estate division has made a strategic acquisition in the agriculture sector, securing a controlling interest in Fresh Produce Group for a sum exceeding $175 million. This acquisition marks a major milestone in Macquarie’s agriculture-focused investments, highlighting its dedication to expanding its $4.7 billion agriculture asset management platform.
Fresh Produce Group, a significant player in the fresh produce industry, is well-regarded for its production of berries, citrus, and table grapes. The company operates under well-recognized brands, including Treviso, Fruitico, and SmartBerries, which contribute to its position as a leader in the sector. The valuation of Fresh Produce Group in this deal is reported to be approximately $350 million, making it one of the most notable private agricultural transactions of the year.
This acquisition aligns with Macquarie's broader strategy of growth in agriculture, a sector that has seen consistent demand driven by global food needs. Over the past two years, Macquarie’s agriculture portfolio has grown significantly, increasing by $1 billion to its current $4.7 billion valuation. The addition of Fresh Produce Group strengthens this portfolio, enhancing its capabilities and market reach.
The agriculture platform managed by Macquarie already includes a stake in Cowal Agriculture, a central Queensland cropping enterprise affiliated with Global Endowment Management. This diversification within Macquarie’s holdings reflects a balanced approach to investing in scalable and sustainable agricultural enterprises.
For Fresh Produce Group, the acquisition presents an opportunity to leverage Macquarie’s expertise and resources, potentially expanding its operations and enhancing its market presence. The transaction underscores the growing importance of agriculture as a strategic investment sector, attracting interest from large asset managers and investors globally.
The move by Macquarie signals a continued focus on sectors that align with long-term global trends. Agriculture, as a critical industry, remains a cornerstone for sustainable growth and development. This acquisition not only highlights the company’s commitment to the sector but also sets a benchmark for other industry players eyeing expansion opportunities.
With the acquisition finalized, both parties are poised to strengthen their positions within the competitive agriculture landscape, capitalizing on synergies that benefit their respective goals. This deal reinforces Macquarie's standing as a leader in agricultural investments and further cements Fresh Produce Group's prominence in the market.
