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HKW, a Hammond, Ky.-based middle-market private equity firm, and its portfolio company, Fresh Direct Produce, Ltd., Canada, acquired Islands West Manufacturing, Ltd., also based in Canada.
The goal of this new initiative is to reduce plastic usage, educate consumers on the recyclability of onion packaging and address shopper concerns about food waste.
Six years after selling Purity Organic, Greg Holzman and Steve Akagaki rejoined forces to create TerraFresh Organics (TFO), a new organic fruit company based in Mill Valley, Calif.
This acquisition will allow Charlie’s Produce to offer a broader breadth of products, including an extensive selection of premium organic fruits and vegetables from local growers and international market leaders.
The U.S. organic market in 2018 broke through the $50 billion mark for the first time, with sales hitting a record $52.5 billion, up 6.3% from the previous year, according to the “2019 Organic Industry Survey” released by the Organic Trade Association (OTA), Washington, D.C.
Today's organic shoppers are more mainstream and diverse than most contemporary stereotypes of pro-organic shoppers, according to a survey conducted by Earthbound Farm, San Juan Bautista, Calif.