Expanding on its extensive presence in agricultural powerhouse Peru, Oppy has recently acquired a 50 percent share in Agroretail, one of the foremost produce suppliers in the country.
The move solidifies Oppy’s well-established presence in the emerging source country, in which the leading grower, marketer and distributor has been operating in for more than 15 years. The strategic investment aims to bolster Oppy’s export services from Peru to other key global markets.
“Even during these uncertain times, we’re continuing to balance our short-term goals with our long-term strategic vision,” Oppy’s Chairman, CEO and Managing Partner John Anderson said. “Our new partnership with Agroretail adeptly bridges the gap between these two equally important objectives and will enable us to reach new markets and customers, by doing what we do best: growing the top-quality assortment of fruit that meets the needs of the market.”
Oppy currently imports avocados, blueberries, grapes, citrus products, mangoes, ginger and pomegranates from Peru. The partnership with Agroretail will further develop Oppy’s supply to retail and wholesale accounts in Peru on a wide range of items.
“Agroretail has been an incredibly reliable partner of Oppy for many years, so in many ways this new agreement is an extension of our tried and trusted relationship,” Agroretail’s General Manager Francisco Avendaño said. “We are proud of the work that we have done together and look forward to leveraging the great growth potential in several key categories in the years ahead.”
The investment enhances Oppy as a turn-key provider of fresh produce in this important developing market, adding to its existing international presence.