Agroberries Limited, a world-leading vertically integrated producer, marketer, and distributor of berries that also controls a best-in-class portfolio of owned and proprietary berry genetics, is investing approximately €40 million to expand its growing operations in Morocco.
In January of this year, Continental Grain Company made an undisclosed investment in the company as a way to increase its exposure to this promising category, stating in January that as a long-term partner, it will use its international network, its M&A resources, and its operational expertise to ensure Agroberries achieves its strategic and developmental goals.
At the time, Jorge Varela, co-founder and CEO, Agroberries, commented, “I’m excited about the possibilities arising from our partnership with Conti, and confident it will accelerate our global expansion plans, give our customers increased access to our novel proprietary varieties, and offer exciting professional development opportunities for our management team.”
Founded in 1996, with a headquarters in Chile and marketing companies in the U.S. and the Netherlands, Agroberries owns farms and packing facilities in both hemispheres connected to a strong network of strategic alliances with trusted global partners. Through its business, the company supplies a broad retail customer base from a combination of its own global farming operations spanning 2,500 hectares and a vast collection of third-party growers across all berry categories.
Read the complete article at www.globalaginvesting.com.