Church Brothers Farms to acquire Mann Packing assets from Fresh Del Monte

Core Insights - Church Brothers Farms has agreed to acquire Mann Packing's vegetable business from Fresh Del Monte Produce, with financial terms undisclosed [1] - The acquisition is aimed at enhancing Church Brothers Farms' supply network and service capabilities, particularly in retail [2] - Fresh Del Monte's CEO stated that the transaction allows the company to focus on core products and higher-margin segments, having previously acquired Mann Packing for $361 million in February 2018 [3] Group 1 - Church Brothers Farms will take over operations at Mann Packing's facility in Gonzales, California [1] - The acquisition is part of Church Brothers Farms' strategic expansion into retail, which is crucial for its future growth [2] - Fresh Del Monte plans to concentrate on higher-margin, value-added segments following the sale of Mann Packing [3] Group 2 - Fresh Del Monte had previously sold its Fresh Leaf Farms brand after a review of its vegetable division [4] - The company has been actively pursuing high-value specialty ingredients, including a recent acquisition of a majority stake in Uganda-based Avolio [4] - Fresh Del Monte formed a joint venture with Managro Group to enhance its supply chain capabilities in avocados and limes [5]