USA: Adatom forms agreement with Shanghai Longwu Fruit Company
Adatom.com, Inc. (Nasdaq:ADTM), a creator and operator of electronic marketplaces, today announced it has signed an agreement with Shanghai Longwu Fruit Company. Shanghai Longwu Fruit Company's parent company, Longwu Port Company, owns and operates a large fruit and vegetable wholesale marketplace in China's port of Shanghai. This agreement enables U.S. fruit and vegetable vendors to participate in selling agricultural products directly into the Chinese marketplace. Under the terms of the agreement, Adatom will contract with U.S. vendors of agricultural products to participate in the Shanghai wholesale fruit and vegetable import marketplace. Products from U.S. vendors will be sold to more than one hundred Chinese fruit and vegetable vendors who utilize Longwu's port marketplace to buy wholesale fruit and vegetable imports for distribution throughout China. Established as one of the largest fruit and vegetable marketplaces, occupying over 2.5 million square feet, in the Shanghai port area, Longwu's state-of-the-art facilities and large cold storage facilities enable fruit and vegetable buyers to have permanent representation at the port. Richard S. Barton, President and CEO, of Adatom, stated, "This agreement with the Longwu Fruit company positions Adatom as a key agent to provide U.S. agricultural businesses access to the Chinese marketplace and participation in the anticipated agricultural trade boom."
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Danone's Q1: four things to learn
- Nestle Q1 update: four things to learn
- Who will buy Danone's Stonyfield business?
- Column: Why snacking is the new meal
- Interview: KP Snacks on growth strategy
- Tyson shops Sara Lee bakery, Kettle and Van's
- Nestle to cut UK confectionery jobs
- PepsiCo affirms full-year target as Q1 hits mark
- Tyson to buy burger-to-entree firm AdvancePierre
- TreeHouse Foods sells soup, baby food units