Fresh Del Monte Acquires Majority Stake in Avolio

Fresh Del Monte Produce Inc. has acquired a majority stake in Avolio, enhancing its capabilities to convert avocados into oil. This strategic acquisition aligns with the company’s focus on specialty ingredients and sustainability, aiming to reduce food waste and capitalize on the growing avocado oil market.

Original excerpt: “Acquiring Avolio is a strategic step, aligned with our long-term vision to extract greater value across our supply chain…”

Source: Food Engineering