U.S.: Investment firm acquires Fresh Innovations California - FreshFruitPortal.com

U.S.: Investment firm acquires Fresh Innovations California

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U.S.: Investment firm acquires Fresh Innovations California

U.S. food and agricultural investment firm Arable Capital Partners has acquired Fresh Innovations California, an Oxnard-based processor of fresh sliced apples and other packaged fruits and vegetables.

Alpine Pacific Capital participated as a minority investor, and no financial terms of the deal were disclosed.

Fresh Innovations offers fruits and vegetable products in both organic and conventional options, serving "the warehouse club, casual dining, entertainment, education and health.care segments amongst others", according to Arable.

Arable is partnering with the Company’s existing management team to expand operations.

“We were attracted to Arable because of its commitment to innovation and growth,” Fresh Innovation president Toby Cohen said.

He added: "We realized early in the process that Arable is a great fit with the Fresh Innovations people-centered culture.”

Arable managing director Greg Richards said: "We like the Fresh Innovations approach to healthy, convenient, fresh snacks and are excited to partner with Toby Cohen, Gary Madson, Todd Nelson, and the rest of the team to support their growth plans."

"Fresh aligns well with the Arable investment thesis in midstream agribusiness. As one of our first investments, this is a great partnership that will allow Fresh Innovations and Arable to capitalize on a successful existing business positioned for expansion."

www.freshfruitportal.com

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