Vanguard Food closes on transaction involving Village Farms

Vanguard Food LP has closed on a transaction that privatized certain assets and operations of Village Farms International’s fresh produce segment.

Vanguard Food is a privately held produce industry joint venture between Kennedy Lewis Investment Management, Sweat Equities, and Village Farms International of Delta, British Columbia.

The previously announced transaction privatized certain assets and operations of Village Farms International’s fresh produce segment, according to a news release.

“Today’s announcement reflects the beginning of a new era for the legacy produce business of Village Farms, and we’re excited to begin building our shared vision for the future,” Michael A. DeGiglio, Village Farms CEO and Vanguard Food LP interim CEO, said in the release. “Today’s announcement reflects the beginning of a new era for the legacy produce business of Village Farms, and we’re excited to begin building our shared vision for the future.

“This partnership makes us stronger, provides more resources to drive innovation and value for customers, and will serve as a catalyst for future growth and expansion.”