The acquisition of Marshalls by Produce World will open up new avenues for Marshalls’ Spanish subsidiary Agromark, the Murcia firm’s directors have said.
Agromark, controlled by Marshalls with a remaining 24.5 per cent shareholding in the hands of the Domenech family, will become more international as a result of the new arrangement. “This new deal will boost our growth and international-expansion strategy,” said Carlos Domenech, director of operations at Agromark. “The relationship with Produce World will allow us to open up new international markets and to consolidate our presence on those in which we already operate. It will also mean we will be expanding our product portfolio.”
So far, Agromark, like Marshalls, has focused on brassica production, both conventionally grown and organic. But now, Domenech said its portfolio will expand to include melon, watermelon, capsicum and stonefruit.
The Produce World family now includes Solanum, Isleham Fresh Produce, RB Organic, Rustler Produce, Briess Produce, British & Brazilian Produce and Growing Trust with Las Lomas as well as Agromark and Marshalls. The group employs 1,200 people globally. “There won’t be any immediate changes,” said Domenech. “The entire management team at Agromark will be maintained and our relationship with the leadership at Marshalls will be the same as before purchase. But what will change is that we will benefit from all the synergies to be derived from the integration of Marshalls into the Produce World group.”
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