NatureSweet Limited Announces Plans to Acquire EuroFresh Farms Assets


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Mon. January 28th, 2013

<p style="text-indent:0px; line-height:12px;"><span style="font-weight:bold;">San Antonio, TX -</span><hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">By Jordan Okumura<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">01.28.13</p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p>NatureSweet® Limited has announced the company's intent to purchase largely all of the assets of EuroFresh Farms. The acquisition will bring together two of the leading producers of high-quality tomatoes in North America. EuroFresh is also a leading U.S. grower of greenhouse cucumbers.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"><img src="https://cdn.andnowuknow.com/legacyWriterImages/naturesweet012813body1.jpg" alt="images012813" /><hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">Bryant Ambelang, Chief Executive Officer and President of NatureSweet, states, "Bringing EuroFresh products into the NatureSweet family provides us with new product offerings and U.S. growing facilities that we are confident will provide significant value to our customers.” The CEO, continues, “This acquisition is a great opportunity to continue our growth while providing customers with the premium branded tomatoes they have come to expect from NatureSweet. For the company, our customers and our associates, this is the right thing to do at the right time.”<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">EuroFresh filed for Chapter 11 bankruptcy with the Federal Bankruptcy Court in Tucson on January 27th. The acquisition will take place through a 363 sale. A 363 sale allows a company filing for bankruptcy to immediately market its assets to bidders, with the approval of the United States Bankruptcy Court, according to a press release. The court filings are not predicted to affect EuroFresh Farms’ ability to operate its business and deliver on current or future customer orders.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">Johan van den Berg, Chief Executive Officer of EuroFresh Farms, remarks, “We are pleased to have received this offer from a financially strong organization that will continue to invest in the business of growing and selling greenhouse tomatoes and cucumbers.”</p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p><a class="btn btn-sm btn-primary col-lg-12" style="white-space: normal;" href="http://naturesweet.com/#!/our-products" target="_new"> NatureSweet </a></p><hr class="legacyRuler"><hr class="invisible minimal-padding">