Church Brothers Farms To Acquire Mann Packing Assets From Fresh Del Monte

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Vegetables and leafy greens supplier Church Brothers Farms has agreed to get Mann Packing vegetables business from Fresh Del Monte Produce. 

Financial position of nan transaction were not disclosed.  

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In a connection yesterday (21 October), nan Florida-based caller nutrient elephantine said Church Brothers Farms will return complete operations astatine Mann Packing’s installation successful Gonzales, California. 

Brian Church, Church Brothers Farms CEO, said: “This modulation marks a pivotal measurement successful our maturation journey, reinforcing our committedness to class activity and accelerating our strategical description into retail—an basal pillar of Church Brothers’ future.” 

It plans to usage nan Gonzales plant’s capacity to “expand its integrated proviso network, heighten work capabilities, and present greater worth to unit and foodservice customers”, nan connection added.  

Mohammad Abu-Ghazaleh, Fresh Del Monte’s president and CEO, added that this transaction “allows america to ore afloat connected our halfway products and higher-margin, value-added segments—areas wherever we proceed to present nan quality, reliability and invention our customers expect”.  

Fresh Del Monte purchased Mann Packing successful February 2018 for a sum of $361m. 

The institution booked a non-cash impairment of $131.2m successful its fiscal 4th fourth to 29 December 2023, chiefly linked to Mann Packing. 

Nearly a twelvemonth ago, pursuing a reappraisal of nan rootlike division, it sold nan business’ Fresh Leaf Farms brand and operations to First Leaf Farms for an undisclosed sum. 

In March, Fresh Del Monte acquired a mostly stake successful Uganda-based avocado lipid supplier Avolio arsenic portion of its strategy to move into “high-value specialty ingredients”.  

More recently, successful August, it formed a associated task pinch Managro Group, a Colombia-based cultivation institution and exporter of limes and avocados.  

The business includes a mixed finance to grow an avocado and lime packing location successful nan South American federation to bolster proviso concatenation capabilities and widen its beingness successful avocados and limes.