Foodiverse, a Spanish food company, received an investment from Taylor Farms, a Salinas, California-based grower and producer of salads, vegetables and healthy fresh foods.
The amount of the deal was not disclosed. 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.
Both companies will become partners through a capital increase that will provide Taylor Farms a significant share in Foodiverse’s capital.
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 products tailored to meet the demands of consumers.
Led by Jesús Gómez, CEO, Foodiverse covers the entire food production chain, from the seed itself all the way to consumers’ tables. Over the last few years, the group has incorporated 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 €327m. 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.
Led by Bruce Taylor, Founder and CEO, Taylor Farms Taylor Farms is a North American producer of salads and healthy fresh foods with production facilities across the U.S., Canada, and Mexico.
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.
FinSMEs
26/07/2023