AM FRESH Group to acquire IFG and merge it with SNFL
March 8, 2022 | By foodengineeringmag.com
AM FRESH Group and Special New Fruit Licensing (SNFL) announced a definitive agreement under which AM FRESH is acquiring International Fruit Genetics (IFG) and merging it with SNFL, creating a combined company that significantly advances SNFL’s and IFG’s abilities to develop further their breeding capacities and add to their portfolio to address industry demand. AM FRESH will be the controlling shareholder of the combined entity, with significant minority investment from EQT Future and continued investment from Paine Schwartz Partners.
The combined company will accelerate varietal breeding, development and commercialization, benefiting licensed growers, partners and consumers with more sustainable alternatives and improved varietal options. Together, AM FRESH, SNFL and IFG will propel innovation at large, ease production management for growers and facilitate commercialization to retail partners in order to deliver innovative varieties to consumers on a year-round basis.
