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Morrisons splits with banana supplier

Morrisons has parted ways with the fruit supplier that helped it set up its banana ripening warehouse in Lincolnshire two years ago. The supermarket, which prides itself on being invested in its supply chain, has spent £2.9m to buy out Global Pacific from its Wm Morrison Bananas joint venture, and has brought in the fruit giant Fyffes as its new banana partner.

The Bradford-based supermarket exercised its right to take over the entire joint venture in September, folding the business into its produce supply operations. Directors from Global Pacific left the firm shortly afterwards, according to recent Companies House records.

The venture, which posted revenues of £7.4m for the year to February and turned a small profit, is based in an old Del Monte factory in Boston, Lincolnshire.
Morrisons uses the site to cool its imported bananas, enabling customers to buy slightly green fruit to ripen at home.

It is a small part of the supermarket’s wide array of abattoirs, bakeries and food processing plants designed to cut out middlemen from its supply chain, lowering costs.

Source: telegraph.co.uk
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