US-based salad producer Taylor Farms is set to acquire a stake in the Spanish vegetable group Foodiverse, as part of a “cash capital increase” agreement that is awaiting regulatory approval from the Spanish National Commission for Markets and Competition.
The joint statement revealed that Taylor Farms will obtain a significant stake in Foodiverse, with the companies aiming to expand into new markets and foster synergies through the exchange of best practices in sustainability, quality, innovation, and food safety.
“We look forward to partnering with the excellent team of professionals at Foodiverse,” commented Bruce Taylor, the CEO of Taylor Farms. “This operation enables us to establish strong ties with our retail customers, thanks to the dynamic company led by Joaquín Ballester and Jesús Gómez.”
Despite the partnership, Foodiverse will continue to be helmed by its president, Ballester.
Foodiverse, a multinational group of vegetable producers primarily focused on ready-to-eat salads and vegetables, possesses production plants in Spain, Germany, Switzerland, and Italy. Meanwhile, Taylor Farms, headquartered in California, specializes in chopped salads, salad kits, salad dressings, and snacks, operating across the US and Canada with a workforce of approximately 20,000 employees.
Jesús Gómez, CEO of Foodiverse, expressed excitement about having Taylor Farms as a strategic partner, reinforcing Foodiverse’s commitment to quality, freshness, innovation, and sustainability. Gómez stated, “This operation will strengthen our position to continue growing sustainably.”
Taylor Farms has been actively pursuing expansion opportunities. In December 2021, the company acquired several assets from Landec Corporation’s Curation Foods for over $73m. Additionally, the salad producer invested in indoor-farming specialist Pure Green Farms earlier that year.
