Salad and healthy fresh food producers Taylor Farms and Foodiverse will become partners in the coming weeks when the former, based in Salinas (California, USA), invests in the latter, based in Spain. The transaction will take the form of a capital increase in which Taylor Farms will obtain a significant equity stake in Foodiverse.

The US company has production facilities in the US, and also in neighbouring Mexico and Canada. Foodiverse is active across the entire production chain, from the seed itself to the consumer, and has nine production plants in Spain, Germany, Switzerland and Italy, a distributor and marketer in Spain, and 17 farms in Spain and Italy.

Significant growth
Foodiverse manages over 2,800 hectares under cultivation and employs more than 2,500 people. In 2021, it generated 327 million euros in sales, and its products reach over 400 customers in 22 countries. In recent years, the firm has experienced significant growth through acquiring companies such as Spain's Agromediterránea (2014) and Comfresh (2021), Germany's Thurländer Salate (2018), Switzerland's Josef Müller Gemüse (2019) and Italy's Novanatura (2019) and Ortoverde (2021).

The transaction is pending approval by the Spanish National Markets and Competition Commission, and is subject to the processing of documentation related to the investment being concluded under the terms agreed with the financial institutions. Once these steps have been completed, an environment of collaboration and synergy creation will be established to evolve both companies' shared commitment to sustainability, quality, innovation and food safety. There are also plans to develop new products to meet consumer demands.

Increasing consumption
Taylor Farms Founder and CEO Bruce Taylor is convinced he has found the right partner, saying that, “Our collective mission continues to be increasing consumption of healthy fresh foods across the globe”.

The Foodiverse management team, headed by its President Joaquín Ballester, will maintain its functions. Feeling proud to have attracted Taylor Farms' investment, CEO Jesús Gómez explains, “This operation will strengthen our position for sustainable growth, keeping our focus on shared values such as the highest quality and freshness of our products, innovation, and sustainability”.

^{Photo: Foodiverse}