Agrovision Expands Chilean Operations with ZurGroup Acquisition

Agrovision, a superfruit specialist firm based in Los Angeles, has acquired the Chilean grower and exporter ZurGroup and has launched Agrovision Chile to enhance its cherry production. The acquisition is part of Agrovision's strategy to establish a 52-week cherry production plan and intends to plant up to 500 hectares of proprietary cherry varieties in Chile. The move situates Agrovision in one of the world's leading cherry-producing regions, leveraging Chile's ideal conditions for cultivating premium cherries alongside their existing multi-national operations. In August, Agrovision raised $100 million for its expansion plans and secured a $400 million credit facility from Rabobank and Banco Santander to enter new markets and improve technological innovations. The acquisition will give Agrovision access to ZurGroup's infrastructure, including packing and processing facilities and additional land for cherry cultivation, while enhancing its blueberry production. The new venture will integrate regenerative agriculture practices, focusing on soil health, water conservation, and biodiversity, aligning with Agrovision’s sustainability strategy. This marks a significant step in Agrovision’s plan to connect South America-grown superfruits with markets, particularly in demand-heavy China.