Mar 26, 2011

Agribio Group Acquires Oro FarmsSource: Agribio Group

Agribio Group, a worldwide horticultural breeding, production and distribution company, has acquired Oro Farms. Agribio Group is currently active in the North American vegetative market under the Fides brand name.

With the ‘Oro Farms’ and ‘Fides’ labels, Agribio Group believes it offers a unique proposition to its expanding customer base.

Commenting on the acquisition, Harry Kloppenburg, CEO of Agribio Group explains, “Having Oro Farms and Fides North America active in this market is truly a matter of combining best of both worlds. Oro Farms will remain the reliable production company it is known for. We are excited the current management team of Oro Farms stays on board. They bring great technical knowledge and experience. Fides will continue to build its position by being an innovative and reliable breeding partner, providing market value with high quality genetics.”

Estuardo Arriaga, managing director of Oro Farms Guatemala, remarks, “The management team of Oro Farms is happy to become a part of this internationally important breeding group. We feel confident to create a flourishing future together.”

For more information, visit www.fidesnorthamerica.com and www.orofarms.com