Livingstone has advised V. Ros on its integration into Iberian Premium Fruits Group

Livingstone’s food & beverages sector team has advised the shareholders of V. Ros, a specialist in the processing and distribution of premium clementines with leaf, on its integration into the Iberian Premium Fruits Group (IPF). Both companies complement each other well, due to their commitment to quality, freshness, and taste.

With almost a century of experience, V. Ros is a European staple in selling clementines with leaf. They have excellent brand recognition, a premium product, and unique expertise in the sector. Intending to continue to grow and remain at the forefront of the industry, the company has joined IPF.

Iberian Premium Fruits Group was formed in April 2023, following the merger of the companies Llusar and Torres in 2021. The group specializes in the production and distribution of premium oranges and clementines, as well as other high-value-added products. With the addition of V. Ros, Iberian Premium Fruits will have more than 1,100 hectares of its own production area between Spain and South Africa, with a range of more than 25 varieties of oranges and clementines and more than 120,000 tons of fruit marketed per year. The group, with more than 53,000 square meters of facilities divided between Almenara, Chilches, Vilavella and Alquerías (Castellón), expects a 30% growth compared to the previous season and a turnover of 160 million euros due to this new integration.

Xavi Nolla, CEO of Iberian Premium Fruits Group, expressed his satisfaction and stressed the importance of this transaction, which not only adds value to the company, but is also a lever to increase the company’s assets, offering greater specialization and a wider range of products.

Juan Pedro Beltrán, shareholder of V. Ros, commented: “I would like to thank the Livingstone team for their professionalism throughout the process. They have undoubtedly been a key piece to successfully closing this exciting transaction. Joining a group such as Iberian Premium Fruits is a milestone for the future of V. Ros”.

Eleuterio Abad and Ximo Villarroya, partners at Livingstone in Spain, said: “It has been a pleasure for Livingstone Partners to advise V. Ros on its integration into Iberian Premium Fruits. With this transaction, IPF continues to consolidate its position as a leading group in the premium segment of the citrus sector”.

Livingstone Partners acted as financial advisor, and Delta Asesores acted as corporate and tax advisor to the sell-side.