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HomePosts Tagged "AgroFresh Solutions"
Agribusiness, Company News, Fruits, Horticulture, Supply Chain, Trade, World

The acquisition of Pace bolsters AgroFresh’s presence in key fruit-growing regions in North and South America.

As the pioneer and global leader in post-harvest solutions for fresh produce, AgroFresh Solutions, Inc. announced the acquisition of Pace International LLC, including its domestic and overseas operations (“Pace”). Prior to the transaction, Pace was a subsidiary of Valent BioSciences LLC, a Sumitomo Chemical Co., Ltd. group company. Pace is a respected global provider of sustainable post-harvest solutions, equipment and technical services. The acquisition of Pace bolsters AgroFresh’s presence in key fruit-growing regions in North and South America and further enables the company to support its global customers with quality and freshness solutions for high value and highly perishable crops.

Pace manufactures and supplies edible fruit coatings, fungicides, cleaners and sanitizers, sustainable storage treatments and application equipment for fresh produce. Integrating the Pace business expands AgroFresh’s post-harvest solutions to a broader portfolio of technology, services and digital solutions in both the organic and conventional produce categories, furthering AgroFresh’s ability to support customers in accomplishing their mission of protecting produce quality and freshness on its journey from harvest to home.

“This acquisition enables us to take another important step towards our vision — to be regarded by customers as the post-harvest partner of choice. We are excited to bring the combined portfolios, technical expertise and services of both companies to customers,” says Clint Lewis, CEO at AgroFresh. “Bringing together our two companies allows us to better address the complete needs of customers across a broad array of crops, markets and at every step in the fresh supply chain, ultimately helping customers produce and deliver an abundant supply of quality fresh produce, sustainably.”

In addition to integrating the Pace business into the company, AgroFresh and Valent BioSciences plan to develop a strategic collaboration to accelerate the development of innovation to address the most pressing challenges in the freshness protection space. This collaboration aims to capitalize on the expertise and technology pipeline of Valent BioSciences to develop new post-harvest products, services and digital solutions and to leverage AgroFresh’s global scale and reach to bring them to market.

“Acquisition of the Pace business by AgroFresh will create a post-harvest solutions platform that benefits customers and the food protection industry as a whole through stronger global reach, enhanced services and additional innovation capabilities,” says Salman Mir, President and CEO of Valent BioSciences. “We are excited to collaborate with AgroFresh in developing and commercializing new products, technologies and services that will address key customer challenges.”

With the addition of Pace, AgroFresh is better positioned to address customers’ needs through a full portfolio of products and capabilities. This will be realized along with a continued commitment to advancing innovation in the post-harvest sector and supporting customers in their effort to grow and distribute an abundant supply of sustainable, quality, fresh produce around the world.

AgroFresh Solutions Inc. is a portfolio company of Paine Schwartz Partners, a global leader in sustainable food chain investing. Deutsche Bank served as financial advisor and Morrison & Foerster served as AgroFresh’s legal advisor for the transaction.

The acquisition of Pace bolsters AgroFresh's presence

Agrotech, Company News, Packaging & Labelling, R&D, Supply Chain

The new coating reduces dehydration, maintains weight and locks in freshness throughout the supply chain.

AgroFresh Solutions, Inc. announced the launch of VitaFresh™ Botanicals Life Select, an organic plant-based coating to keep produce fresh longer and reduce food loss and waste. Developed from the carnauba tree palm leaf, the new VitaFresh Botanicals Life Select formulation has received organic certification from CAAE, a leading international certifier.  AgroFresh is a global agtech innovator and the leader in the fresh produce post-harvest segment, providing a full range of freshness solutions and digital technologies that enhance the quality and extend the shelf life of fresh fruits and vegetables.

Life Select is the newest addition to the company’s full VitaFresh Botanicals portfolio of proprietary plant-based post-harvest solutions for a wide variety of crops from citrus to avocados to mangos. The new coating reduces dehydration, maintains weight and locks in freshness throughout the supply chain.

Recent trial testing of the product in avocados showed positive results both before and after ripening, including increased shelf life by two to three days, decreased internal browning by 50 to 67 percent, and improved internal appearance by 50 percent. These impacts on shelf life translate into an overall 50 percent reduction in waste.

“Our customers are looking for versatile solutions to address their most pressing operational and supply chain challenges in order to provide a consistent supply and the highest quality produce for consumers. Our focus is to help our customers with solutions that preserve freshness and minimize food loss and waste,” said Clint Lewis, Chief Executive Officer for AgroFresh. “Protecting our global food system has never been a more urgent charge. Advancements like VitaFresh Botanicals Life Select help us fulfill our promise to meet the world’s need for fresh, safe and abundant produce while reducing our impact on the environment.”

Duncan Aust, Chief Technology Officer AgroFresh said, “Now in addition to a full coatings product line that leverages natural and plant-based ingredients, we have an organic option that helps meet an increased demand for these types of solutions.”

AgroFresh operates seven innovation centers on four continents in key fruit growing regions and offers a full portfolio of post-harvest freshness solutions that meet the needs of growers and packers around the world.

The new coating reduces dehydration, maintains weight

Agrotech

The company recently announced the expansion of its SmartFresh Inbox in California with CDPR approval for a range of new crops

AgroFresh Solutions, Inc, a global agtech innovator that provides produce freshness solutions, and digital technologies that enhance the quality and extend the shelf life of fresh produce, recently announced the expansion of its SmartFresh Inbox in California with the California Department of Pesticide Regulation’s (CDPR) approval for a range of new crops. SmartFresh InBox offers powerful protection in a small, portable sachet, expanding the availability of SmartFresh technology for growers, packers and retailers who either don’t have an airtight room or require a more convenient option.

SmartFresh InBox, now registered in California on pome fruits (apples and pears), stone fruits (peaches and plums), kiwi and avocados, utilises AgroFresh’s industry leading SmartFresh (1-MCP) ethylene management technology to delay the ripening process and helps maintain post-harvest produce quality and freshness. SmartFresh InBox sachets are easy to apply and handle, offering effective protection against internal and external threats to freshness, resulting in increased shelf life and reduced levels of food loss and waste.

“California is the largest and most diverse fruit growing region in the US and our customers there need more flexible application methods and products to help preserve and protect the crops they oversee,” said Sarah Enescu, Commercial Business Director for AgroFresh.

The company recently announced the expansion of