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Announced

Ontario Teachers' Pension Plan to acquire a majority stake in Mitolo Family Farms.

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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