Ocean Spray have acquired the main processing plant for Chile’s cranberry production and the Cran Chile growing operation will join the Ocean Spray Cooperative alongside 700 cranberry growers from the USA and Canada.
This is the first international acquisition by Ocean Spray, though the agricultural cooperative produces products for over 50 countries.
Gordon Swanson, Managing Partner of Cran Chile commented:
“The employees of the Cran Chile facility and Ocean Spray share a culture of excellence in quality and service as well as a vision for growing the demand for cranberries in new markets. The opportunity represents an exceptional strategic fit for two industry leaders. In addition to becoming a major supplier of cranberries to Ocean Spray, we look forward to becoming a major member of the cooperative.”
Ocean Spray had sales of $2.2 billion in 2012 with and net proceeds of $338 million. The cooperative is headquartered in Lakeville-Middleboro, Massachusetts, and employs around 2,000 people worldwide.