SPAIN - Mediterrània acquires 49% stake in Agrolito for EUR 2.9m

Cartagena-based Agrolito specialises in the production and distribution of winter salads and also has a presence in the fresh produce market. The company has an 800 hectare production surface in Spain, with a volume of 20,000 tonnes.

Founded in 1998 by Emmanuel Leconte, the company employs 300 people on a temporary basis, in addition to its permanent staff of 20. In 2008, the Agrolito reported a EUR 20m turnover.

The capital will finance expansion into Eastern Europe, which will require an increase of the production capacity of the Tunisian operations, as well as improvement of facilities.

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• Topics
• Expansion
• Southern Europe