Foodiverse Welcomes Taylor Farms as a New Partner
Foodiverse and Taylor Farms, leading growers and producers of fresh-cut salads, vegetables and healthy fresh foods in Europe and North America respectively, have reached an agreement to welcome the US company as a new shareholder in the Spanish group. Both companies will become partners through a capital increase in cash that will provide Taylor Farms a significant share in Foodiverse’s capital.
This transaction, which is expected to be closed in the upcoming weeks, is currently awaiting ratification by the Spanish National Markets and Competition Commission and is subject to necessary bank regulatory approvals and other customary closing conditions.
Taylor Farm’s entry as Foodiverse’s shareholder will enable the creation of synergies as well as the exchange of best practices with both market leaders’ commitment to sustainability, quality, innovation and food safety. Moreover, it will promote their continuous growth and the development of new, innovative, fresh, and healthy products, tailored to meet the demands of modern consumers.
Jesús Gómez, CEO of Foodiverse, states: “We are enthused to have Taylor Farms as a strategic partner and proud that they have chosen our company for this purpose. This operation will strengthen our position for a sustainable growth, keeping our focus on shared values such as the highest quality and freshness of our products, innovation, and sustainability”.
Bruce Taylor, Founder and CEO of Taylor Farms, remarks: “We look forward to partnering with the excellent team at Foodiverse. Joaquín Ballester and Jesús Gómez have created a dynamic company that is focused on creating strong partnerships with their retail customers”.
The partnership will allow the permanency of both Foodiverse’s current management team and its president, Mr. Joaquín Ballester, who will continue leading the Spanish multinational, with production plants in Spain, Germany, Switzerland and Italy.
For this transaction, Foodiverse received legal advice from Broseta and financial guidance from DC Advisory, while Taylor Farms sought counsel from the Spanish law firm Pérez Llorca and the US law firm Gibson, Dunn & Crutcher.
About Taylor Farms
Taylor Farms is the leading North American producer of salads and healthy fresh foods with production facilities across the U.S., Canada, and Mexico. Taylor Farms is grounded in a commitment to quality, assured supply, innovation, sustainability, and food safety. Taylor Farms is family owned and based in “The Salad Bowl of the World”, Salinas, California. For more information, delicious recipes, and more, visit www.taylorfarms.com and follow Taylor Farms on Instagram, Facebook, and TikTok.
About Foodiverse
Foodiverse is much more than a food company. It is a multinational group, with expertise in preparing fresh and healthy foods, created to revolutionize the market through a wide range of innovative, balanced, and trendy products, all designed and prepared to be enjoyed any time of the day, anywhere you go.
Its activity in the food sector covers the entire production chain, from the seed itself all the way to consumers’ tables. In its vision to lead the healthy revolution, over the last few years the group has incorporated leading companies in their respective markets such as the Spanish companies Agromediterránea (2014) and Comfresh (2021), Thurländer Salate (2018) in Germany, Josef Müller Gemüse (2019) in Switzerland, and Novanatura (2019) and Ortoverde (2021) in Italy.
Foodiverse currently boasts 9 production plants in Europe, a distributor and marketer in Spain, and 17 farms throughout Spain and Italy where the company manages over 2,800 hectares every year and provides employment for more than 2,500 people. Sales revenue in 2021 amounted to 327 million euros. The group’s product range consists of vegetables straight from the fields and fresh-cut produce, including salads and ready-to-eat fresh fruit, ready-to-cook or heat vegetables and dishes, as well as vegetable drinks and snacks, which are distributed to more than 400 clients in 22 countries. It has its own brands: Freshkia and Freshkia BIO, Sun&Vegs and BIO Sun&Vegs.
Find out more: www.foodiverse.com/en
