First strategic movement within the European
market
- Taylor Farms is North
America's leading grower and producer of salads, vegetables
and healthy fresh foods.
- Foodiverse is a leading European operator with expertise in
growing and preparing fresh-cut salads, fresh vegetables and
healthy foods.
- The closing of the investment transaction will take place in
the form of a capital increase in the upcoming weeks.
- Taylor Farms' entry as Foodiverse's shareholder will enable
the collaboration and exchange of best practices with the
commitment to quality, innovation, sustainability, and food
safety.
SALINAS,
Calif, July 26, 2023 /PRNewswire/
-- Foodiverse and Taylor Farms, leading growers and
producers of fresh-cut salads, vegetables and healthy fresh foods
in Europe and North America respectively, are pleased to
announce the agreement to welcome the US company as a new
shareholder in the Spanish group. Both companies will become
partners through a capital increase that will provide Taylor Farms
a significant share in Foodiverse's capital.
This transaction, which is expected to close in the upcoming
weeks, is currently awaiting ratification by the Spanish National
Markets and Competition Commission and is subject to necessary bank
regulatory approvals and other customary closing conditions.
Taylor Farms' entry as Foodiverse's shareholder will enable the
collaboration and creation of synergies as well as the exchange of
best practices with both market leaders' commitment to
sustainability, quality, innovation, and food safety. Moreover, it
will promote their continuous growth and the development of new,
innovative, fresh, and healthy products, tailored to meet the
demands of consumers.
"We are enthused to have Taylor Farms as a strategic partner and
proud that they have chosen our company for this purpose," stated
Jesús Gómez, CEO of Foodiverse. "This operation will
strengthen our position for sustainable growth, keeping our focus
on shared values such as the highest quality and freshness of our
products, innovation, and sustainability."
"We are excited to collaborate with Foodiverse and convinced we
found the right partner," said Bruce
Taylor, Founder and CEO of Taylor Farms. "Our collective
mission continues to be increasing consumption of healthy fresh
foods across the globe."
Foodiverse's multinational operations in Spain, Germany, Switzerland, and Italy will continue to be managed by the
Foodiverse team and its President Joaquín Ballester and CEO Jesús
Gómez.
About Taylor Farms
Taylor Farms is the leading North American producer of salads
and healthy fresh foods with production facilities across the U.S.,
Canada, and Mexico. Taylor Farms is grounded in a
commitment to quality, assured supply, innovation, sustainability,
and food safety. Taylor Farms is family owned and based in "The
Salad Bowl of the World", Salinas,
California. For more information, delicious recipes, and
more, visit www.taylorfarms.com and follow Taylor Farms on
Instagram, Facebook, and TikTok.
About Foodiverse
Foodiverse is much more than a food company. It is a
multinational group, with expertise in preparing fresh and healthy
foods, created to revolutionize the market through a wide range of
innovative, balanced, and trendy products, all designed and
prepared to be enjoyed any time of the day, anywhere you go.
Its activity in the food sector covers the entire production
chain, from the seed itself all the way to consumers' tables. In
its vision to lead the healthy revolution, over the last few years
the group has incorporated leading companies in their respective
markets such as the Spanish companies Agromediterránea (2014) and
Comfresh (2021), Thurländer Salate (2018) in Germany, Josef Müller Gemüse (2019) in
Switzerland, and Novanatura (2019)
and Ortoverde (2021) in Italy.
Foodiverse currently boasts 9 production plants in Europe, a distributor and marketer in
Spain, and 17 farms throughout
Spain and Italy where the company manages over 2,800
hectares every year and provides employment for more than 2,500
people. Sales revenue in 2021 amounted to 327 million euros. The group's product range
consists of vegetables straight from the fields and fresh-cut
produce, including salads and ready-to-eat fresh fruit,
ready-to-cook or heat vegetables and dishes, as well as vegetable
drinks and snacks, which are distributed to more than 400 clients
in 22 countries. It has its own brands: Freshkia and Freshkia BIO,
Sun&Vegs and BIO Sun&Vegs.
Find out more: www.foodiverse.com/en
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SOURCE Taylor Farms
