Agriculture Capital, Portland, Ore., invested in Firestone Pacific Foods, a Vancouver, Wash.-based frozen fruit processor.
Agriculture Capital invests in permanent cropland and food processing businesses, with a focus on consumer-driven, vertically integrated, scaled and regenerative food production.
With 3,000 acres of blueberry farms under Agriculture Capital’s management across Oregon and California, AC Foods is said to be one of the largest organic blueberry growers in the United States, and is dubbed the first to use the Bee Better Certified seal developed by the Xerces Society, Portland, Ore., for on-farm native pollinator habitat restoration.
Firestone Pacific Foods manages state-of-the-art individually-quick frozen (IQF) processing, packing and cold storage facilities, and following the investment, will expand its business with new capabilities, including new processing and cold storage capacity.
“We are excited to embark on this next phase of our business and to join the AC Foods family of companies,” says Stan Firestone, president of Firestone Pacific Foods. “Agriculture Capital shares our values, and their commitment to excellence, accountability, transparency and stewardship are well-aligned with our company’s passion to deliver the finest fruit quality with high levels of food safety and flawless operational performance.”
“Firestone Pacific Foods’ dedication to sourcing, freezing and distributing the highest quality fruit makes it a natural fit at Agriculture Capital,” adds Rob Hurlbut, co-managing director at Agriculture Capital. “Given its innovative processing and frozen capabilities and Agriculture Capital’s organic blueberry production, our combined teams will provide healthy and safe organic berries for more people. We are thrilled to scale Firestone Pacific Foods’ operations, building on its trusted relationships as we grow together.”