Fresh Del Monte Produce to Acquire Majority Stake in Avolio

MT Newswires Live

03-26

Fresh Del Monte Produce (FDP) said Wednesday it will acquire a majority stake in avocado oil producer Avolio.

Financial terms of the deal were not disclosed.

The avocado oil industry is valued at around $1.2 billion and is growing at a compound annual growth rate of 8% to 10%, the company said citing Fortune Business Insights.

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