Rs.82.5cr investment committed to both Spanish entities
Chennai’s Freshara Agro Exports Limited has taken a significant strategic step in its global expansion journey, strengthening its presence in the international agri-food landscape as its board of directors approve acquisition of 100% equity stake in two SPVs —Conservas Selectas Españolas, S.L. and Gandin Invest, S.L.
The proposed acquisitions, as disclosed on National Stock Exchange filing, are aimed at establishing an operational base in Spain and enhancing Freshara’s access to European markets, forming a key part of the Company’s international expansion strategy, subject to completion within the disclosed timelines https://www.bseindia.com/.
The Spanish Acquisition Strategy was announced on 1 Jan.
The expansion is centered on a “turnaround” model, revitalizing assets from the insolvency process of Aceitunas Sarasa, S.A.U. This allows Freshara to enter the European olive market with established infrastructure and local expertise.
• Operational Pillar: Through Conservas Selectas Españolas, S.L., Freshara will manage the processing and packaging of premium olive products https://www.nseindia.com/.
• Asset Pillar: Through Gandin Invest, S.L., the company secures the physical production facilities and real estate, ensuring long-term operational stability.
Investment and Financial Commitment
Freshara has committed a substantial capital outlay to ensure the success of this European venture:
• Total Investment: Approximately Rs.82.5 crore across both Spanish entities https://fieo.org/.
• Acquisition Cost: ~Rs.7.5 crore for the base equity and ~Rs.7.5 crore for mortgage obligations.
• Inventory & Materials: ~Rs.45 crore allocated for raw and packing materials to initiate production.
• Liquidity: ~Rs.22.5 crore dedicated to working capital for seamless day-to-day operations http://commerce.gov.in.
Completion Timeline: Targeted by 31 March 2026 — a transformational milestone in Freshara’s global journey.
Global Impact and Future Outlook
The acquisition represents more than a financial expansion; it embeds Freshara within Europe’s renowned food heritage. By aligning its expertise in gherkins with Spain’s olive industry, Freshara is building a diversified and resilient foundation for international leadership.
• Network Expansion: Enhancing a supply chain that already spans 40+ countries, including major markets such as the USA and Russia.
• Farmer Empowerment: Leveraging the support of over 4,000 farmers in Tamil Nadu to align with global sustainability standards.
It is specialized in preserved vegetables and gherkins, Freshara operates two modern facilities in Tamil Nadu. Fiinews.com
