Agroberries acquires shares in BerryWorld

Arrowpoint Advisory’s Consumer, Retail and Leisure sector team has advised the shareholders of BerryWorld on a minority acquisition of shares in BerryWorld’s EMEA and APAC businesses by Agroberries, a leading, vertically integrated producer and marketer of berries, with a best-in-class portfolio of proprietary and exclusive berry genetic varieties.

Founded in 1994, BerryWorld is one of the world’s largest berry suppliers, with an extensive and expanding global footprint. Its industry renowned management team focuses the business on meeting the evolving needs of local consumers across the 37 countries it supplies, supported by its vertically integrated operations.

BerryWorld is recognised for its world-leading breeding program, developing award-winning proprietary varieties, supported by a strong and innovative pipeline. This, coupled with its own growing and long-standing grower network, ensures year-round supply of all four major berries to service relentless demand. The company’s proprietary data and insights expertise is unparalleled and relied upon by retailers to continually drive the category, whilst the company’s own-branded products offer retailers a premium differentiated offering. With operations not only in berries, but also in prepared fruit manufacturing, and supplying the non-retail sector with first-class quality fresh produce, the business’ activities truly stretch the entire supply chain, orientated around a unique consumer and market-led approach.

Founded in 1996, Agroberries is a leading vertically integrated producer, marketer, and global distributor of fresh berries, catering year-round to a blue-chip customer base of leading retailers throughout the world. With headquarters in Chile, and marketing companies in the United States and The Netherlands, the company offers a competitive and top-quality supply of both conventional and organic berries.

Jorge Varela, Co-Founder and CEO of Agroberries, highlighted: “I’m excited about the possibilities arising from this investment; it will enhance our global reach and broaden our exposure across berry categories.”

Adam Olins, Founder and CEO of BerryWorld added: “Our respective organisations share common values, culture and a commitment to sustainability, and we are confident about the possibilities that Agroberries’ investment opens for our growers and customers, in a constantly evolving market environment.”

Gavin Orde, Managing Director at Arrowpoint Advisory, concluded: “I am delighted to have helped the BerryWorld shareholders secure this investment which further enhances the group’s position as a leading berry supplier globally. I look forward to seeing the continued growth of the business in the coming years as berry consumption continues to increase worldwide.”

Contact the deal team

DISCOVER our sell-side transactions