Oppy Increases Foothold in Peru by Acquiring 50 Percent Share of Agroretail
- by Jordan Okumura
VANCOUVER, BC, CANADA - Oh, produce acquisition news, how we love thee! As trade news writers, the newsroom at ANUK—although currently confined to our living rooms—is always abuzz with movers and shakers making strategic plays on the chess board that is our industry. Most recently, Oppy made a strategic play of its own, expanding its presence in Peru by acquiring a 50 percent share in Agroretail, one of the foremost produce suppliers in the country.
“Even during these uncertain times, we’re continuing to balance our short-term goals with our long-term strategic vision,” Oppy’s Chairman, CEO, and Managing Partner John Anderson said in a press release. “Our new partnership with Agroretail adeptly bridges the gap between these two equally important objectives, and will enable us to reach new markets and customers, by doing what we do best: growing the top-quality assortment of fruit that meets the needs of the market.”
Oppy has been operating in Peru for more than 15 years; this strategic investment aims to bolster the company’s export services from Peru to other key global markets.
“Agroretail has been an incredibly reliable partner of Oppy for many years, so in many ways this new agreement is an extension of our tried and trusted relationship,” Agroretail’s General Manager Francisco Avendaño remarked. “We are proud of the work that we have done together and look forward to leveraging the great growth potential in several key categories in the years ahead.”
Currently, Oppy imports avocados, blueberries, grapes, citrus products, mangos, ginger, and pomegranates from Peru. For Oppy’s retail and wholesale partners, the Agroretail partnership will further develop Oppy’s supply on a wide range of items.
As we continue to watch the newswire for all things produce, keep reading AndNowUKnow.