Apr 8, 2016
Munger Brothers, Hortifrut to merge

Naturipe Farms partners, Munger Brothers and Hortifrut, have signed a memorandum of understanding to merge the Munger’s berry business with Hortifrut. As a result of this merger, a consolidated global berry organization will be formed with operations in British Columbia, Washington, Oregon, California, Mexico, Peru, Brazil, Argentina, Chile, Europe, Africa and Asia.

“Munger-Hortifrut North America, Inc.” will be a new subsidiary of Hortifrut and manage their North American berry operations.

“This integration will provide greater synergies and capabilities to the entire Naturipe Farms organization; implementing exciting new berry development projects with a focus on proprietary varieties,” Naturipe Farms CEO Dwight Ferguson said. “This merger will continue to expand Naturipe’s sourcing and distribution of North and South American grown berries.”

The merger is subject to various conditions, including without limitation, successful due-diligence, Hortifrut shareholder approval, and receipt of various third party approvals. The parties contemplate the merger will be accomplished during the fourth quarter of 2016.




Current Issue

Startup claims first vertically grown, commercially sold strawberries

FGN’s 60th Anniversary: Farm labor challenges span decades

Tree fruit group targets Michigan growers’ concerns

How California is protecting its winegrapes

Blueberry growers dedicated to organic practices for more than 40 years

SNAP opportunities for your market expanded

Notes from the Farm column: Taking a seat best way to continue with the job

National Council of Agricultural Employers column: Agricultural workforce plays key role in times of crisis

see all current issue »

75 Applewood Drive, Suite A
P.O. Box 128
Sparta, MI 49345

616.520.2137

Get one year of Fruit Growers News in both print and digital editions for only $15.50.

Interested in reading the print edition of Fruit Growers News?

Subscribe Today »


Be sure to check out our sister sites:
produceprocessingsm
website development by deyo designs