Agrinurture Inc. said Monday it acquired a 49-percent interest in Zongshan Fucang Trade Co. Ltd., a Chinese commodity trading company.
Agrinurture, a company led by businessman Antonio Tiu, said it acquired the stake in Zongshan Fucang Trade for 42.6 million renminbi.
Fucang is an agri-commodity trading company based in Zhongshan City, Guangdong Province which is primarily engaged in the importation of rice and fruits from Southeast Asia and export of spices from China to various countries worldwide.
“The acquisition of 49-percent interest in Zongshan Fucang Trade Co. Ltd. is expected to aid in the expansion of the trading business of the company as well as to develop a new distribution network in China,” Agrinurture said.
Agrinurture currently supplies fresh vegetables, fruits and grain requirements to the country’s retail and institutional accounts.
The company also supplies fruits such as mango, banana, sweet pineapple and papaya in Japan, Korea, China, Europe, North America and the Middle East and invested in vapor heat treatment and hot water treatment facilities to ensure the high quality of the mangoes it exports.
ANI’s family of brands includes FCA (Fresh Choice Always) for fresh and processed wellness food products; La Natural for coconut juice and Nikka for mango nectar and tamarind juices, all of which are exported; Sungrown rice; Superfresh and Big Chill for fresh fruit beverages and dessert kiosks; Canecoctions for sugar cane juice; and Cafeteria Verde, Fresh Bar by Big Chill, and C’Verde by Big Chill for healthy snack bar and cafeteria.
Agrinurture also signed a master license agreement with Tully’s Coffee International Pte. Ltd. to operate Seattle’s famous Tully’s coffee shop in the Philippines.