South African fruit supplier Capespan Group has acquired 25% stake in German fresh produce distributor and ripener Fruchtimport vanWylick.
The acquisition is in line with Capespan's strategy, which was outlined by Capespan CEO Johan Dique in an interview with Eurofruit, to bolster its international procurement, logistics, marketing and merchandising operations across the globe.
With this deal, both the companies will be able to extend their respective service offering to customers.
Capespan will also secure access to vanWylick's distribution services in Germany and other neighbouring countries.
Fruchtimport vanWylick COO Jens Allerding was quoted by fruitnet as saying: "With Capespan's participation, we'll have additional access to strategic products.
"Furthermore, our successful model with Fyffes and Gemüsering will be perfected with this new collaboration. We're very happy with this partnership - not only because of Capespan's extraordinary network in the Southern Hemisphere, but also because of its culture of high quality."
Founded in 1999, Capespan Group offers oranges, lemons, grape fruits, easy peelers, apples, pears, apricots, nectarines, peaches, and plums.
It owns and operates port facilities in Cape Town, Port Elizabeth, Durban, and Maputo, as well as strategically placed cold stores.
