AgroFresh finalises Tessara acquisition

▤ Summary

South African based Tessara is a provider of intelligent packaging solutions for preserving fresh produce, specializing in SO2 generating sheets to prevent decay in table grapes, berries, and flowers. The acquisition of Tessara amplifies AgroFreshs capabilities in post-harvest produce freshness and food waste reduction with added solutions for key crop segments such as table grapes and berries, while significantly enhancing its presence across fruit growing regions including South Africa, China, Australia and South America. We have a shared vision to be the global leaders in the provision of post-harvest solutions for the fresh fruit and produce industry. Being part of AgroFresh gives us access to resources to support ongoing research and development, production facilities around the world, and, most importantly, a global presence. Combining our portfolio with AgroFreshs portfolio will make us a significant force in post-harvest technologies around the world.” This acquisition enables AgroFresh and Tessara to offer more freshness solutions for more crops in more regions, reducing food waste and ultimately resulting in a more sustainable, abundant supply of fresh produce around the world.

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$100M to $250M