AgroFresh Solutions Inc. acquires Tessara, a renowned provider in post-harvest produce freshness solutions, enhancing its presence in food waste reduction and freshness for table grapes and berries. This strategic move strengthens AgroFresh's impact in South Africa, China, Australia, and South America.
With a shared commitment to science-based solutions in the global produce industry, the acquisition aligns perfectly with AgroFresh's diversification strategy. The innovative team at Tessara brings valuable expertise to the table, enabling AgroFresh to further support customers in their quest to distribute sustainable fresh produce worldwide.
Tessara, founded in 1988 in South Africa, is a global leader in post-harvest preservation solutions for fresh produce growers. Their SO2 solutions protect over $3 billion worth of produce annually in over 30 countries, solidifying their reputation as a trusted partner.
AgroFresh CEO Clinton Lewis expressed enthusiasm for the acquisition, focusing on freshness and sustainability in the produce sector. The combined resources and network of AgroFresh and Tessara will create a world-class market leader, strengthening their position as pioneers in post-harvest AgTech.
AgroFresh's rich history spans over two decades, with their renowned SmartFresh™ Quality System revolutionizing the apple industry and now used in over 50 countries across various crops. Their comprehensive portfolio includes plant-based coatings, antimicrobial solutions, equipment, and digital platforms, all aimed at improving produce quality and reducing waste throughout the supply chain.
The acquisition was advised by Rabobank on behalf of Carlyle, and AgroFresh was represented by Morrison & Foerster and Bowman Gilfillan as legal advisors for the transaction.
With this significant expansion, AgroFresh solidifies its position as a global leader in post-harvest technology, continuing their mission to combat food loss, preserve resources, and drive sustainable practices in the agricultural industry.
Photo Credit: AgroFresh
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