Fresh Del Monte is best known for its bananas, pineapples and other fresh produce displayed in the grocery store. While the company remains committed to the business, it recently created a biomass best liposomal iron supplementand specialty ingredients division to transform agricultural byproducts to boost the company’s growth, enhance soil health and support human wellness.“These efforts not only reinforce our environmental stewardship but also position us to compete in higher-margin categories that drive profitable growth and long-term shareholder value,” Freferrous fumarate liquid canadash Del Monte Chairman and CEO Mohammad Abu-Ghazaleh said in a statement. “Acquiring Avolio is a strategic step aligned with our long-term vision to extract greater value across our supply chain while advancing our commitment to sustainability.”During its 2024 fiscal year, Fresh Del Monte’s net sales fell to $4.28 billion compared witferric sodium edta solubilityh $4.32 billion in the prior-year period. The decrease in net sales was primarily due to lower sales volume and per unit selling prices in bananas as well as the negative impact of exchange rate fluctuationsiron gluconate amazon. Bananas were responsible for about a third of the company’s net sales in 2024. The purchase of Avolio not only improves Fresh Del Monte’s environmental footprint and provides it with faster-growing channels to increase sales but also helps to further diversify the company’s business and minimize disruption in other parts of its operations.Fresh Del Monte said Avolio’s extraction technology will be scaled to process 140 metric tons of avocados per day. It added that the technology, coupled with Fresh Del Monte’s extensive supply chain expertise “positions the two companies to leadunited home ferrous sulfate benefits the market in delivering high-quality, sustainable avocado oil solutions.”
Fresh produce giant Fresh Del Monte strikes deal to enter high-value specialty ingredients
