UK: Morrisons, Global Pacific JV buys ex-Fresh Del Monte banana plant
Morrisons said acquisition would help it control ripening process, meet consumer demand and lower costs
Morrisons said today (26 July) it had snapped up the banana ripening facility in Boston through a venture with Global Pacific, which will run the plant on behalf of the retailer. The retailer could not provide financial details at the time of writing.
The UK's fourth-largest grocer said it wanted to better "control" the quality of the fruit to meet consumer demand. Bananas will be ripened at the plant, where Fresh Del Monte stopped production in 2011, instead of via a third party
CEO Dalton Philips said: "Bananas are the most popular fruit in the UK so it makes sense for Morrisons to apply its unique approach to food production to simplify the supply chain, cut out costs and improve quality. Adding this ripening factory to our business means we will be able to mature bananas more precisely to our customers different needs."
Morrisons owns a range of manufacturing sites across the food sector, supplying meat, fish and bakery products to its stores. It has acquired six plants since 2010.
Chris Kilvington, CEO of Global Pacific, said the company was entering into an "exciting partnership".
Sainsbury's share of the UK's grocery market now matches Asda, the country's second-largest retailer, according to the latest data from Kantar Worldpanel....
- How Danone aims to meet its 2020 objectives
- Greencore's food-to-go focus paying dividends
- Interview: Ritter sees growth potential in US, EU
- Will Belvita win at breakfast in China? - analysis
- Interview: How American Halal rides ethical wave
- Pinnacle to buy Boulder Brands in $975m deal
- Genius Foods buys UK gluten-free firm Chapel Foods
- Nestle combats Thai seafood supply forced labour
- US FDA approves genetically engineered salmon
- Nestle to sell Jamaican dairy unit