North America Edition
Global fruit supplier Capespan has formed a venture in Turkey, the South Africa-based company's latest move in an emerging market.
Capespan will hold a 50% stake in the venture, called Mayfresh, with managing partners Nese Coruk and Metehan Aslantas taking the remaining shares.
Mayfresh will supply to, and source from, countries in the region. The business will provide Capespan growers with "direct access" to the Black Sea, Caspian and Mediterranean markets, the company said.
According to the company, the Cape and Outspan brands have a "strong market presence" in these markets and Mayfresh will concentrate on growing these brands.
Capespan will also source fruit and vegetables from these countries.
Capespan CEO Leon van Biljon said the venture was part of the group's "aggressive" expansion drive to expand as a year-round worldwide fruit supplier. Mayfresh will enable Capespan to offer "greater efficiencies in terms of costs, products and superior service," the company said.
Capespan has been growing its base through recent M&A, including deals to take ownership of Capespan be it Aspen Logistics in South Africa and Good View in Hong Kong.
Announcements
Job Offers
Specials more
Top 5 -yesterday
- Canadian grower adds space to indoor strawberry farm
- Egyptian sweet potato season has become more challenging every year
- Taking a peek at the 2022-2023 Peruvian grape season
- Potato growers ask McCain Foods for 78% price increase
- "This is the first year in which we will no longer sell a single kilo of seeded grapes"
Top 5 -last week
Top 5 -last month
- Schoeman Boerdery extends a hand to a hundred rural communities
- No workforce means that fruit remains on trees
- “Japanese market is very demanding when it comes to fruit quality”
- “Citrus from South Africa, Egypt, Morocco and Argentina are highly sought after in Baltic”
- Fate of South African oranges en route to Europe discussed at highest political levels
Receive the daily newsletter in your email for free | Click here
Other news in this sector:
- 2022-08-09 Pacific Trellis Fruit expands organization
- 2022-08-09 Monterey Mushrooms welcomes sales manager
- 2022-08-09 Stord unlocks cold storage with Fresh Del Monte partnership
- 2022-08-09 Fresh Del Monte Produce Inc. reports strong Q2 2022 net sales amidst unprecedented cost pressures
- 2022-08-09 Lamb Weston reports fiscal fourth quarter and full year 2022 results
- 2022-08-09 Strong local demand and new product sales contribute to improved interim results
- 2022-08-09 Kivits-Goes Handling acquires two Fresh Pack Logistics cold stores
- 2022-08-09 Bakker Brothers holds open field days in Jordan
- 2022-08-09 Hoogsteder director Frans Scholts retires
- 2022-08-09 Robert Sauer returns to his own company
- 2022-08-08 Maersk continues to grow logistics business and deliver record results
- 2022-08-08 Te Mata Exports New Zealand and Australia merge into one
- 2022-08-08 Frutura closes on Subsole acquisition
- 2022-08-08 William H. Kopke Jr. adds Rodrigo Del Sante to its global team
- 2022-08-08 Canadian CKF purchases Molded Fiber Technology
- 2022-08-08 Salix Fruits co-founder provides update on a challenging 2022
- 2022-08-08 Kiwifruit brand wins Good Housekeeping’s 2022 healthy snack award
- 2022-08-08 "Our goal is to have 1,000 hectares of avocado between Spain and Portugal"
- 2022-08-08 Lineage Logistics announces acquisition of Spanish transport and cold-store operator Grupo Fuentes
- 2022-08-08 T&G Global operating profit increased 37.6% in 1H 2022
