Westfalia Fruit investment aims to boost avocado growth
A Boston-based investment company is enabling London-based Westfalia Fruit International Ltd. To expand its ability to supply global markets with avocados.
Harvard Management Co. Inc. acquired a minority stake in Westfalia Fruit International gives the fruit specialist the capital to fund initiatives while “enabling collaboration with HMC’s accomplished team of natural resource investors,” according to a news release from Westfalia.
Westfalia’s future investments in global production and distribution are aimed at meeting the growing market demand of avocados, and expanding availability.
“(Westfalia’s) vertically integrated operations are uniquely positioned to benefit from the growth in global avocado consumption and make it a great fit for our portfolio,” Colin Butterfield, Harvard Management Co.’s managing director of natural resources, said in the release.
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