Mucci Farms Gains Investment From Tech Company Cox Enterprises
Cox Enterprises, the same company that acquired BrightFarms, has made a strategic investment in Mucci Farms, a 60-year-old controlled environment agriculture (CEA) business with a network of greenhouses for indoor-grown fruits and vegetables in Canada and the United States.
Headquartered in Ontario, Mucci Farms has more than 2,000 employees and supplies fresh produce to major retailers across both countries.
“It’s humbling to see how far we have come as an organization that was once a small family business,” said principals Bert Mucci, Danny Mucci, Gianni Mucci and Joe Spano in a joint statement. “For several decades, we have had tremendous growth at Mucci Farms to bring us to the forefront of controlled environment agriculture. The core of our organization and success has been rooted in family values across the board, from our internal teams to our partners. We are committed to supporting our customers with high-quality products, excellence in execution and vertically integrated support from seed to retail. We are excited to continue this journey with Cox Enterprises, who share those values and that vision and will support our efforts to provide more communities with fresh produce from coast to coast.”
In a press release, Cox said it is committed to partnering with Mucci Farms to scale and meet growing consumer demand through innovation and with sustainability at the forefront. This isn’t Cox’s first investment in the CEA space. It has invested $1 billion in sustainable technologies since 2007, including the acquisition of BrightFarms.
“Mucci Farms combines its multigenerational farming expertise and technological innovations to grow high-quality, great tasting produce,” said Steve Bradley, vice president of Cleantech, Cox Enterprises. “It’s the perfect complement to our expanding footprint in sustainable agriculture, and we look forward to working together with the Mucci Farms team to transform the industry.”