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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 Avolio to expand into avocado oil market. 2. This move supports FDP's growth in high-value specialty ingredients.

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FAQ

Why Bullish?

The acquisition aligns with market trends favoring high-value specialty foods. Previous acquisitions in similar sectors have led to increased profitability for firms like FDP.

How important is it?

FDP's strategic shift towards specialty ingredients can significantly enhance their market position and profit margins, impacting shareholder value positively.

Why Long Term?

This acquisition will likely yield sustainable revenue growth over several years, as trends in healthy eating and specialty ingredients continue.

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AVONZOCPF
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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