The Oppenheimer Group has acquired a 50% share in Agroretail, a Peruvian produce supplier.
The British Columbia-based distributor has operated in Peru for 15 years, according to a news release, and the acquisition bolsters Oppy’s export service from Peru to other global markets.
“Even during these uncertain times, we’re continuing to balance our short-term goals with our long-term strategic vision,” John Anderson, chairman, CEO and managing partner, said in the release. “Our new partnership with Agroretail adeptly bridges the gap between these two equally important objectives, and will enable us to reach new markets and customers, by doing what we do best: growing the top-quality assortment of fruit that meets the needs of the market.”
Oppy imports avocados, blueberries, grapes, citrus, mangoes, ginger and pomegranates from Peru, and the Agroretail partnership helps Oppy develop a supply to Peruvian retailers and wholesalers on a wide range of produce.
“Agroretail has been an incredibly reliable partner of Oppy for many years, so in many ways this new agreement is an extension of our tried and trusted relationship,” Francisco Avendaño, Agroretail general manager, said in the release. “We are proud of the work that we have done together and look forward to leveraging the great growth potential in several key categories in the years ahead.”