Agrofibra acquires Gear and Rube real estate for 20 million dollars

Agrofibra, a Mexican Real Estate Investment Trust (FIBRA), has acquired assets from Gear and Rube, food companies, expanding its portfolio in the agri-food sector.
The acquisition, valued at $20 million, includes specialized properties involved in producing, packaging, and distributing tomatoes for export to the US market.

Agrofibra is the first FIBRA focused on the agri-food sector in Mexico. Photo: Bigstock.

01/17/2023

Agrofibra, the Real Estate Investment Trust (FIBRA) focused on the agri-food sector and the development of the Mexican countryside, successfully expanded its portfolio through the acquisition of specialized properties involved in the production, packaging, and distribution of tomatoes for export to the US market.

The acquisition of assets, furniture, and real estate from Gear and Rube, food companies, was finalized by Agrofibra.

According to a press release, the transaction took place in December 2022, with a total value of $20 million.

Read the full article (in Spanish).

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