The World Wants Blueberries All the Time. Chile’s Excited
- Hortifrut is preparing to close a deal for Peru’s Grupo Rocio
- The company wants more deals as it expands global exports
Photographer: Meg Roussos/Bloomberg
This article is for subscribers only.
Hipsters and health nuts the world over want more avocados for their toast and blueberries for their everything. Enter Chilean grower Hortifrut SA.
The Santiago-based company has ramped up deal-making and expansion plans to boost production and meet demand. Now it’s poised to close a deal announced in October to pay $160 million for Peru’s Grupo Rocio, that country’s largest blueberry producer.