Illinois Foundation Seeds, Inc. (IFSI) has completed the acquisition of sweet corn genetics from Del Monte Foods. CEO of IFSI, Clinton Naugle, stated, "This acquisition marks a pivotal step in advancing our global growth strategy. We are committed to preserving the strong performance foundation built by Del Monte while expanding the reach of these genetics into new markets."
The transaction highlights the mutual commitment of IFSI and Del Monte Foods to innovation and excellence in the vegetable processing sector. With this acquisition, IFSI aims to unlock new opportunities for delivering enhanced genetic solutions aimed at improving processing efficiency, plant habit, and the development of varieties that cater to the changing needs of the global market.
This strategic initiative is designed to bolster IFSI's role in the supply chain by providing partners with high-performance products that aim to optimize recovery and adhere to the highest processing standards globally.
Source: IFSI