SunSelect Produce has major expansion plans
October 7, 2013 By SunSelect Produce
Oct. 7, 2013, Delta, B.C. — SunSelect Produce LP is proceeding with its next stage of growth in Tehachapi, California.
Oct. 7, 2013, Delta, B.C. — Sun Select Produce LP is proceeding with its next stage of growth in Tehachapi, California.
Based in Delta, British Columbia, the company is a leading producer and exporter of hothouse vegetables throughout North America, and is proudly certified climate friendly.
The financing was led by Avrio Capital, which has committed $7 million CDN, alongside several institutional, strategic and high net worth investors.
“The overall philosophy and approach to production of vegetables squares perfectly with Avrio’s investment focus on health, wellness and sustainability,” said Aki Georgacacos, a senior managing director at Avrio.
“Canada has a very natural competitive advantage in this sector and we’re thrilled to be backing a best in class management team in a strategy that is core to the Avrio investment approach.”
SunSelect works closely with a number of quality, reputable produce retailers across North America.
“We are pleased to have brought a seasoned investor with a demonstrated track record in the space,” said Reinhold Krahn, director of SunSelect.
“The folks at Avrio very clearly share the core values that we have operated under since 1985 and we are pleased to have them on board as a financial partner to assist us in facilitating our growth.”
SunSelect is one of the founders of the greenhouse industry in Western Canada and has been in operation for over 25 years.
It is one of the largest producers of greenhouse grown bell peppers in North America and has a strong industry reputation and leaders in the industry.
The company currently operates two greenhouse facilities with 70 acres of greenhouses and 135 acres of land located in Aldergrove and Delta, British Columbia and is managed by a team with over 100 years of collective greenhouse growing and management experience.
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