Compagnie Fruitière, the France-based fresh produce supplier, has opened a ripening facility in Hungary.
The site, located near Budapest, will make Compagnie Fruitière “even closer” to wholesale customers in the country, the company said on Friday (29 January).
The facility has 12 two-tier ripening rooms, each holding 24 pallets and providing a ripening capacity of 20,000 boxes a week.
Compagnie Fruitière markets more than 800,000 tonnes of fruit throughout Europe, the Maghreb and in Africa.
Agribusiness-focused finance group Unigrains and two French banks – Crédit Agricole and Société Générale – have invested in the family-owned company, which generates annual sales of over EUR700m (US$761.7m).
Financial details of the investment were not disclosed but Compagnie Fruitière said the investment would help it “pursue and finance ambitious and proactive growth” after Dole Food Co. sold its minority stake in the business in 2014.