M&A Deal Summary

AgriFORCE Acquires Berry People

On January 24, 2023, AgriFORCE acquired food company Berry People for 28M USD

Acquisition Highlights
  • This is AgriFORCE’s 1st transaction in the Food sector.
  • This is AgriFORCE’s 3rd largest (disclosed) transaction.
  • This is AgriFORCE’s 2nd transaction in the United States.
  • This is AgriFORCE’s 1st transaction in California.

M&A Deal Summary

Date 2023-01-24
Target Berry People
Sector Food
Buyer(s) AgriFORCE
Deal Type Add-on Acquisition
Deal Value 28M USD

Target

Berry People

Hollister, California, United States
website
Berry People is an integrated and branded berry business with an increasingly global footprint, and a scalable platform model. Berry People is committed to providing customers with a balanced portfolio of all four berries with quality, in brand, organically and conventionally, and on a year-round basis. Berry People was founded in 2017 and is based in Hollister, California.

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Buyer(S) 1

Buyer

AgriFORCE

Vancouver, British Columbia, Canada

website


Category Company
Sector Agriculture
Employees5
DESCRIPTION

AgriFORCE is an AgTech company focused on developing and acquiring agriculture IP that changes the way plant cultivation and processing is done to provide more sustainable and better quality food, pharmaceuticals, nutraceuticals, plant-based products, and ingredients. AgriFORCE is based in Vancouver, British Columbia.


DEAL STATS #
Overall 4 of 4
Sector (Food) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (California) 1 of 1
Country (United States) 2 of 2
Year (2023) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-10 Deroose Plants

Evergem, Belgium

Deroose Plants is a global provider of young plant material for growers and plantation owners. Propagation-as-a-service is also offered to young plant breeders and propagators. Deroose Plants was founded in 1980 and is based in Evergem, Belgium.

Buy $69M