Production and distribution of citrus
Almazora, Castellón
Type of transaction
Management Buy-Out (MBO)
Consolidation and international expansion
Investment year
2017 Rio Tinto (add-on)
2018 Perales & Ferrer (add-on)
2019 Frutas Esther, Sunpack (add-on)

High-quality citrus for European homes

Martinavarro is the European leader in citrus exports vertically integrated with more than 400 million Kg. Exported to the leading European retailers, with more than €325 million in sales.

In 2016 Miura took a majority stake and partnered with the founding families Martinavarro and Ballester, as well as the management team, to undertake an organic and inorganic growth plan with the aim of reinforcing its leadership in Europe, consolidating its offer in the Spanish market, expanding the product range, entering new countries and guaranteeing the supply of a quality product 12 months a year.

In 2017, Martinavarro and Rio Tinto companies joined forces to promote the creation of Citri&Co, the leading citrus group in Europe. In 2018, Citri&Co consolidated its European leadership by integrating Perales & Ferrer, one of the leading European exporters of fresh lemon. In 2019 the group joined forces with Frutas Esther, a leading European company in the cultivation and marketing of stone fruit, and later with Sunpack, a Moroccan-based company specialized in the production and packaging of citrus fruits.

Thanks to these acquisitions, Citri&Co turned into the ideal platform to continue leading the sector's consolidation and offer value for its customers, with the capacity to generate 600,000 tons of citrus fruits and a total turnover of more than €400 million.