South Africa-based Westfalia Fruit has acquired a 51% stake in major Peruvian avocado exporter Camet Trading, with the deal set to expand the South American company’s variety mix.
Camet Trading general manager Carlos Enrique Camet told www.freshfruitportal.com the transaction had been made late last year and marked a major milestone for the entity.
“The operation was completed in December, and so Westfalia is officially our partner and a shareholder in the company with a 51% stake,” he said.
The representative said Camet Trading would continue to work with its third-party growers of Hass avocados, mangoes, table grapes and berries, with the goal of improving per-hectare productivity and quality consistency.
However, the recent deal means Camet Trade can now boost its nursery in Chilca with avocado and mango varieties from Westfalia, he said.
New nurseries and experimental farms with the varieties will also be established in La Libertad and other regions of the country throughout this year.
“We are specialists in early Hass avocados. We export from January practically until October, which allows us to supply markets nine months a year,” he said.
“Now, with Westfalia we will be able to improve our clonal prorogation nursery with new early and late varieties of avocados and mangoes, as well as new varieties of citrus and other fruits.”
Avocado varieties that Westfalia owns include GEM and Carmen.
Camet said the company’s goal was to have commercial production of new varieties in the next three to four years across 1,500 hectares, after testing the new varieties in various regions and at different altitudes.