NEW YORK — Continental Grain Co. has introduced an funding in Santiago, Chile-based Agroberries, which commercializes greater than 50,000 tons of berries per yr to a buyer base primarily in North America and Europe. Monetary phrases of the funding weren’t disclosed.
Continental Grain, whose portfolio of investments additionally contains JAB Holding, Seaboard Corp. and C.P. Group, stated its funding shall be used to permit Agroberries to broaden its manufacturing belongings and international distribution capabilities in addition to to speed up the roll-out of proprietary varietals. Continental Grain stated it is going to use its worldwide community, M&A assets and operational experience to help Agroberries’ strategic improvement initiatives.
“We’re excited to companion with Agroberries and help the subsequent section of the corporate’s international growth,” stated Carlos Poblete, co-head of Latin America for Continental Grain. “Agroberries has established itself as a high-quality provider within the markets it at present serves, and we intend to additional develop the enterprise by means of acquisitions that broaden the corporate’s geographic attain.”
Jorge Varela, co-founder and chief govt officer of Agroberries, added, “I’m excited concerning the prospects arising from our partnership with Conti and assured it is going to speed up our international growth plans, give our prospects elevated entry to our novel proprietary varieties, and provide thrilling skilled improvement alternatives for our administration staff.”
Agroberries operates farms in Argentina, Chile, Mexico, Peru and america. The corporate’s US operations embody blueberry farms in Oregon.
Supply: Meals Enterprise
