Thursday, February 25, 2021

Israeli Conglomerate Acquires Cali-Based Avocado Packer Pacific Fruits

The Cali, Colombia operations, brands and machinery of Pacific Fruits, one of the leading companies for packing and commercialization of agricultural products, especially the Hass variety of avocado has been acquired by Israeli investment vehicle Managro.

Managro, a company established in 2014, is a conglomerate that invests in the agribusiness sector in Latin America. According to Executive Director Chagai Stern, “Pacific Fruit International is in a strategic location, looking to Asia, with state-of-the-art machinery, capacity to export the volumes required by the market and with room to expand. It has all the certificates required to export everywhere in the world and has led the diversification of export destinations being the first to export Avocado to Argentina and Japan from Colombia”, reports Finance Colombia.

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