Announced
Financials
Sources
Tags
fresh vegetables
Australia
Friendly
Private
Single Bidder
Acquisition
Farming Fishing Ranching and Plantations
Cross Border
Majority
Pending
Private Equity
Synopsis
Ontario Teachers' Pension Plan, a investor and administrator of the pensions of active and retired teachers, agreed to acquire a majority stake in Mitolo Family Farms, specialist in growing and packaging vegetables. Financial terms were not disclosed. "The next steps in our growth trajectory will require additional capital to enter into new markets and pursue strategies that will help us profitably respond to emerging trends in agriculture and food manufacturing," Frank Mitolo, Mitolo Family Farms Managing Director.
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