Agrana acquires stake in fruits preparations producer Elafruits

Agrana acquires stake in fruits preparations producer Elafruits

- in Business

Austrian ingredients producer Agrana has lengthened its presence in Photography equipment by acquiring 49% of Elafruits, a Algerian producer of fruit supplements.

Located in Akbou, around 200 km eastern side of Algiers, Elafruits has a workforce of about 100 and generated business earnings of approximately 7 million in itsfinancial year.

Besides producing standard fruit supplements for yogurts and ice creams, Elafruits also makes fruit pures in addition to bases for the beverage business.

Agrana said that Algeria is a strategically significant market for the company and it has “the very best per capita consumption of berry preparations for yogurts in the region”. Agrana now has 29 production sites in 21 countries, employing Ten,700 people. 

Johann Marihart, Agrana CEO, explained: “This acquisition is another move to settle our leading global job in fruit preparations. The prevailing product portfolio and the choice of expanding our production potential close to major customers is going to accelerate Agrana’s growth in North Photography equipment.”

Agrana’s fruit preparations contain fruit flesh which is either pured or chopped in order to be used in dairy products maybe in ice cream and bakery products. Beyond just the food processing industry, Agrana also supplies its fruit plans to fast food companies along with food service providers.

Earlier this year the company announced a 100 million expenditure at its Pischelsdorf facility inside Lower Austria as it aspires to build a second wheat starch production line, increasing the home page’s annual processing capacity with 800,000 tonnes to over 1 million tonnes.

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