Firm buys California sliced apple producer
Arable Capital Partners has acquired Fresh Innovations California, an Oxnard, California-based processor of fresh sliced apples and other packaged fruits.
The company offers packaged fresh fruits and vegetable products in both organic and conventional options. Fresh Innovations serves the warehouse club, casual dining, entertainment, education and health care segments amongst others.
Arable said it is partnering with the company’s existing management team to expand operations.
Toby Cohen, founder and Fresh Innovations president, said he was attracted to Arable because of its commitment to innovation and growth. Cohen also said that he and the other members of the management team were very impressed with Arable Capital’s longer-term investment approach.
“Fresh aligns well with the Arable investment thesis in midstream agribusiness,” said Greg Richards, managing director of Arable Capital Partners.