Lamex Food Group Buys Stake in Greek Frozen Fruit, Vegetable Processor
Lamex Food Group, Bloomington, Minn., acquired Alterra, a Greek processor of frozen fruit and vegetables.
Under the new joint venture, Lamex Agrifoods, a wholly owned subsidiary of Lamex Food Group, will act in partnership with Alterra on worldwide sales and logistics from July 2013 onwards. Alterra was formed in 2002, and opened a new fruit and vegetable processing factory in Giannitsa, Pella, in 2005. Since then, the company produced more than 15,000 tons per year, with additional expansion planned for 2013.