Freshara Agro Exports aims strategic Spain acquisitions

The company has approved the acquisition of 100 per cent equity stake in two SPVs —Conservas Selectas Españolas and Gandin Invest

Chennai-based Freshara Agro Exports has taken a significant strategic step in its global expansion journey, strengthening its presence in the international agri-food landscape.

The company has approved the acquisition of 100 per cent equity stake in two SPVs —Conservas Selectas Españolas and Gandin Invest —as disclosed to the National Stock Exchange under Regulation 30 of the SEBI (LODR) Regulations.

The proposed acquisitions 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.

The Spanish Acquisition Strategy

The expansion is centered on a turnaround model, revitalising assets from the insolvency process of Aceitunas Sarasa. This allows Freshara to enter the European olive market with established infrastructure and local expertise.

• Operational Pillar: Through Conservas Selectas Españolas, Freshara will manage the processing and packaging of premium olive products.
• Asset Pillar: Through Gandin Invest, 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.
• 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.

Completion Timeline: Targeted by March 31, 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.