Martori Farms Acquires SOL Group Creating a Market Leader with a Year-Round Melon Supply for Consumers; Fyffes Streamlines Portfolio for Strategic Growth [Yahoo! Finance]
SUMITOMO CORP S/ADR (SSUMY)
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Source: Yahoo! Finance
SOL is the melon growing and distribution business of Fyffes' and includes farms in Honduras and Guatemala and a melon distribution business based in Miami, Florida. The combination of Martori and SOL will create the largest year-round melon producer in the world and the leading supplier of melons into the North American market. Martori Farms (PRNewsfoto/EAGLE PRODUCE, LLC) Martori, a fourth-generation, family-owned leader in fresh produce has deep roots in Arizona and California, and is well known for its signature Kandy brand melons: Cantaloupe, Watermelon, Honeydew, Golden Honeydew, and the innovative Lemon Drop Melon. SOL is the largest supplier of winter melons to markets across North America. With this acquisition, Martori Farms can now offer a seamless, year-round supply of melons, strengthening its position as the leading supplier across the USA and Canada. This transaction enables Fyffes to sharpen its focus on core perennial categories bananas and pineapples by dedicat
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