Taylor Farms and Crunch Pak Holding Company entered an agreement for Taylor Farms to buy a minority stake in Crunch Pak sliced apples.
The Taylor Farms investment will give Crunch Pak regional distribution to retail and foodservice customers nationwide. In return, the partnership provides Taylor Farms with Crunch Pak’s fresh fruit slicing technology.
The majority stake in Crunch Pak will be retained by Dovex Fruit Co., and its partners, which will provide Taylor Farms with access to raw fruit product, organic and conventional. The Crunch Pak sales, marketing and management teams will remain in place. Bruce Taylor, Taylor Farms CEO, will join the Crunch Pak board of directors.
“In today’s business environment, logistics, innovation and collaboration are important; our partnership with Taylor Farms will give us that synergy.” said Crunch Pak President Mauro Felizia. “We need faster distribution to market."
source: fruitgrowersnews.com