Fyffes buys majority share of Sol Group
Fyffes buys majority share of Sol Group
Fyffes plc, based in Dublin, Ireland, announced Jan. 2 that it had entered the U.S. winter melon business by investing in a number of independent companies. These include operations in Honduras and Guatemala, and the acquisition of 60 percent of Sol Group Marketing Co., based in Pompano Beach, FL.
In separate transactions, Fyffes has also invested in an 85,000-square-foot warehouse and cold storage facility where most of the imported fruit is distributed from, and has acquired the right to ship all the fruit imported by Sol Group Marketing from Honduras and Guatemala.
According to a Fyffes press release, Sol Group Marketing imports close to 8 million boxes of winter-season melons annually for sale to major retailers and fresh-cut fruit processors in the United States, making it the second-largest importer of winter melons in this market. This integrated investment at all levels in the supply chain ensures that Fyffes and Sol continue to provide customers with a consistent supply of the best quality winter melons available in the United States.
Rafael Nir has been named president and chief executive officer of Sol Group Marketing.
In separate transactions, Fyffes has also invested in an 85,000-square-foot warehouse and cold storage facility where most of the imported fruit is distributed from, and has acquired the right to ship all the fruit imported by Sol Group Marketing from Honduras and Guatemala.
According to a Fyffes press release, Sol Group Marketing imports close to 8 million boxes of winter-season melons annually for sale to major retailers and fresh-cut fruit processors in the United States, making it the second-largest importer of winter melons in this market. This integrated investment at all levels in the supply chain ensures that Fyffes and Sol continue to provide customers with a consistent supply of the best quality winter melons available in the United States.
Rafael Nir has been named president and chief executive officer of Sol Group Marketing.