Fresh Del Monte completed the acquisition of a majority stake in Avolio.

Fresh Del Monte, a producer, distributor, and marketer of fresh and fresh-cut fruits and vegetables, completed the acquisition of a majority stake in Avolio, a supplier of bulk crude and edible avocado oil. Financial terms were not disclosed. “Acquiring Avolio is a strategic step aligned with our long-term vision to extract greater value across our supply chain while advancing our commitment to sustainability. It complements our newest business division — biomass and specialty ingredients — through which we are transforming agricultural byproducts into high-impact solutions that enhance soil health, support human wellness, and create new applications for a circular economy. These efforts not only reinforce our environmental stewardship, but also position us to compete in higher-margin categories that drive profitable growth and long-term shareholder value,” Mohammad Abu-Ghazaleh, Fresh Del Monte Chairman and CEO.