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Announced

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Cibus-backed The Flavour Farm completed the acquisition of Duijvestijn Tomaten.

Synopsis

Cibus-backed The Flavour Farm, a European platform focused on the production of sustainable, local and year-round fresh produce in controlled environment facilities powered by renewable energy, completed the acquisition of Duijvestijn Tomaten, a producer and marketer of tomatoes in high-tech Dutch glasshouses powered by green energy transition infrastructure. Financial terms were not disclosed. “We are making a strategic choice in a changing market in which scaling up and cooperation are becoming more important. With this collaboration, we expect our company to be able to further consolidate, grow and flourish. We see a lot of room in Europe to roll out our sustainable production methods and as part of The Flavour Farm, we believe we can make a great contribution to this,” Ad van Adrichem, Duijvestijn CEO.

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