U.S.: Agriculture Capital invests in Firestone Pacific Foods
Washington-state-based Firestone Pacific Foods has announced an investment from Agriculture Capital as it looks to expand its facilities.
Family-owned and operated since 1896, Firestone has expanded over the years to become one of the Pacific Northwest's leading frozen fruit processors.
Agriculture Capital, which was founded in 2014, invests in permanent cropland and food processing businesses. Managing over 3000 acres of blueberry farms across Oregon and California, the company is one of the largest organic blueberry growers in the U.S.
“We are excited to embark on this next phase of our business and to join the AC Foods family of companies,” said Firestone Pacific Foods president Stan Firestone.
“Agriculture Capital shares our values and their commitment to excellence, accountability, transparency and stewardship are well-aligned with our company’s passion to deliver the finest fruit quality with high levels of food safety and flawless operational performance.”
Rob Hurlbut, co-managing director at Agriculture Capital, stated: “Firestone Pacific Foods’ dedication to sourcing, freezing, and distributing the highest quality fruit makes it a natural fit at Agriculture Capital.
"Given its innovative processing and frozen capabilities and Agriculture Capital’s organic blueberry production, our combined teams will provide healthy and safe organic berries for more people. We are thrilled to scale Firestone Pacific Foods’ operations, building on its trusted relationships as we grow together.”
Firestone will expand its business with new capabilities, including new processing and cold storage capacity with Agriculture Capital’s investment.