Ardian, a world leading private investment house, announced the acquirement of Portuguese Frulact to the Miranda Family. Frulact is an innovative producer of natural fruit-based and plant-based specialty ingredients for the Food & Beverage industry.

Headquartered in Maia – Porto, Frulact employs more than 750 people and operates 9 facilities across Europe, Africa and North America. The company sells its products in more than 40 countries, generating nearly €115 million of turnover.

Ardian will support the management of the company to accelerate its strategic plan and consolidate the group as one of the global leaders in the food ingredients industry. With this in mind Ardian will support the existing business activities and enhance its capabilities in adjacent niches and ingredients.

According to the deal, Frulact will keep its management team and founder João Miranda will serve as non-executive chairman.

João Miranda, Non-Executive President of Frulact, commented: “I join all Frulacteans to welcome Ardian and begin this new chapter in Frulact. We’re very pleased with this agreement and partnership, considering that Ardian will bring considerable financial and strategical resources to boost Frulact to become a strong platform that will aggregate and integrate other adjacent businesses and activities”.

Frulact is the first investment of Ardian’s Buyout team in 2020. The buyout team invests in high-quality mid- and large-cap companies, applying transformational strategies to become world leaders in their niche markets.

 

About Ardian

Ardian is a mega-sized diversified investment group with focus on opportunities worldwide. The company invests and manages funds focused on small and mid-sized buyouts, growth capital, infrastructure, real estate and co-investment opportunities.

Ardian maintains a truly global network, with more than 640 employees working from offices across Europe, the Americas and Asia.

 

Source: ARDIAN, ESM MAGAZINE, PRIVATE EQUITY NEWS