Chilean-based Hortifrut S.A. acquired European blueberry marketer Atlantic Blue on Sept. 30, the company announced Oct. 18.
Hortifrut said in a statement that Atlantic Blue, S.L., has operations in Spain, Morocco and Peru.
With this transaction, Hortifrut said it will add nearly 1,000 hectares in Spain, more than 600 acres in Morocco and will consolidate (it already owns 50%) about 1,000 acres in Olmos, Peru.
In addition, other facilities and a genetic breeding program for berries and cherries is part of the acquisition.
Once cleared by authorities, the closing is planned for Nov. 30, according to the statement.
The price of the sale will be $280 million, and is subject to adjustments, according to the statement.
