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Fresh Del Monte Acquires Majority Stake in Avolio, an Avocado Oil Producer, to Further Its Commitment to Specialty Ingredients

1. FDP acquires majority stake in Ugandan avocado oil supplier Avolio. 2. This move aligns with FDP's strategy to diversify into high-value specialty ingredients.

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Why Bullish?

The acquisition of Avolio enhances FDP's product portfolio and market reach, while previous expansions into specialty ingredients have proven beneficial for revenue growth.

How important is it?

The acquisition signifies a strategic shift for FDP, potentially increasing its competitive advantage in specialty food markets.

Why Long Term?

This strategic acquisition may take time to yield financial results, similar to FDP's past successful integrations.

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FDPAVOLIO
CORAL GABLES, Fla.--(BUSINESS WIRE)--Fresh Del Monte Produce Inc., (NYSE: FDP) one of the world's leading vertically integrated producers, marketers and distributors of high-quality fresh and fresh-cut fruit and vegetables, today announces its acquisition of Avolio, Uganda's leading supplier of bulk crude and edible avocado oil. As part of this deal, the company will acquire a majority stake in Avolio, in line with its initiative to expand into high-value specialty ingredients. The acquisition.

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