Nexture, the Italian parent company of CSM Ingredients Group and the Italcanditi Group, signed an agreement to acquire Oferta Genuína S.A. – Frulact, an established manufacturer of fruit-based specialty ingredients, liquid flavors and plant-based ingredients. Frulact products can be used for a variety of end applications, including dairy, ice cream, desserts, and beverages.
The transaction is subject to customary closing conditions, including regulatory approvals, and is currently expected to take place in the first quarter of 2026.
Headquartered in Porto (Portugal), Frulact operates 11 production plants and 9 R&D centers globally, with a staff of over 850 people, and generates approximately EUR 265 million of annual revenue. Frulact products are sold in over 50 countries.
All members of Frulact’s leadership team, led by Dinorah Mandic, will remain in their current roles and join the Nexture Group. Dinorah Mandic, Chief Executive Officer of Frulact, commented: “We are excited to join Nexture as we share a common vision of excellence and a commitment to sustainable, responsible business practices. This new chapter will provide us with greater resources and scale to accelerate innovation, expand our geographic reach, and deliver even greater value to customers.”
The latest transaction strengthens Nexture’s capabilities in developing fruit-based preparations. It also broadens its global reach, as Frulact operates in North America and Africa, new markets for Nexture. By leveraging Frulact’s 11 production plants across 8 countries and Nexture’s 13 existing facilities, Nexture further strengthens its European presence, too.
Fruit preparations is an important segment for Nexture; the group has accumulated expertise in this field through its two dedicated plants in Pedrengo (Italy) and Goes (the Netherlands), and a heritage dating back to the 1960s.
The transaction marks a significant milestone in Nexture’s expansion: “This acquisition represents a natural evolution of our growth strategy and reinforces our commitment to delivering exceptional value to our customers. By combining Frulact’s specialized expertise and innovation capabilities in natural ingredient solutions with our established market presence and operational excellence, we are uniquely positioned to capture emerging opportunities and accelerate our value creation journey,” states Gabriele Del Torchio, Chief Executive Officer, Nexture.
Since Investindustrial’s entry, when the company included only CSM Ingredients and generated EUR 517 million in sales, Nexture has now evolved into an ingredient leader with estimated revenues of approximately EUR 1.1 billion after the acquisition of Frulact. The group’s industrial footprint has expanded from 8 to 24 factories worldwide, including 2 in North America, 4 in Africa, 1 in Asia, and the remaining 17 across 8 European countries. In parallel, R&D centres have increased from 8 to 20, and the workforce has grown from 1,400 to 2,700 employees.
Its network R&D centers worldwide reaches 20, with the new acquisition. As of March 31, 2025, Nexture operated in over 120 countries, with 13 production plants, and over 2,000 employees.
Photo: Nexture
