Fresh Del Monte Acquires Majority Stake in Avolio
March 26, 2025
Fresh Del Monte Produce Inc. has acquired a majority stake in Avolio, a Uganda-based producer and supplier of bulk crude and edible avocado oil, to expand its specialty ingredients and biomass business. The deal will allow Fresh Del Monte to scale Avolio's extraction technology (planned to process 140 metric tons of avocados per day), advance sustainability and circular-economy initiatives, and drive growth into higher-margin specialty ingredient markets.
- Buyers
- Fresh Del Monte Produce Inc.
- Targets
- Avolio
- Industry
- Food & Beverage
- Location
- Uganda
- Transaction Type
- Buyout
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