Hortifrut completed the acquisition of a 50% stake in IG Berries for $20m.

Hortifrut, a fresh berry company, completed the acquisition of a 50% stake in IG Berries, a producer of blueberries intended to serve the domestic and international market, for $20m. “IG Berries is the first venture of its kind focused on high tech blueberry production in India and Hortifrut is a global business known world-wide for its strategic partnerships and leadership in berries. Our new partnership with Hortifrut as the global leader in blueberry and the strength of IG International in distribution and logistics will ensure this expansion transforms the berry business across India in the years to come," Tarun Arora, IG Executive Director.