Mastronardi acquisition accelerates growth in New York
Mastronardi Produce is expanding its U.S. network through a joint venture formed with Intergrow Greenhouses Inc., which will include the acquisition of Intergrow’s commercial greenhouse facilities and trucking business in the state of New York.
The new company, Sungrow Farms LLC, adds 105 acres of high-tech greenhouse production capacity to Mastronardi’s ever-growing domestic network and ensures continuity of operations at local greenhouses, keeping more than 280 people employed in the workforce.
“This strategic investment allows Mastronardi Produce to offer even more flavorful, locally grown fruits and vegetables,” said Paul Mastronardi, president and CEO of Mastronardi Produce Ltd. “We look forward to continuing to serve our customers and delivering on our mission to inspire healthy living through WOW flavor experiences.”
Sungrow Farms’ high-tech greenhouse facilities have further capacity for expansion and are located in New York within a 24-hour drive of 60 percent of the U.S. population.
“We are thrilled to enter into a joint venture with Mastronardi Produce, the North American industry leader in greenhouse grown produce,” said Dirk Biemans, president of Sungrow Farms. “This partnership ensures the continuation of our legacy as well as our commitment to our shareholders, employees and the communities we’re in.”
Sungrow Farms will continue to produce Intergrow cherry tomatoes on the vine in addition to growing Mastronardi Produce’s exclusive, high-flavor fruits and vegetables, which will be marketed under the company’s award-winning brands.