Organto Foods Inc. (TSXV: OGO) (OTC: OGOFF) (“Organto” or “the Company”), an integrated provider of value-added organic vegetable and fruit products today announced that as part of its ongoing strategy to significantly expand organic product supply from Mexico and position the Company as a premier exporter of organic produce from Mexico to Europe, it has established Organto de Mexico to facilitate the execution of this strategic objective.
Earlier this year Organto announced initial agreements with strategic suppliers of organic blueberries, organic blackberries and organic avocado. Organto has continued to develop supply from Mexico by working with these initial suppliers, plus developing additional strategic grower and third-party processing relationships, increasing potential supply from the region of various organic soft fruits, avocado and value-added vegetables, resulting in Mexico quickly becoming one of Organto’s largest supply regions.
“We continue to be excited by the immense supply potential from Mexico and are pleased to be working with our supply partners as we expand our sourcing and supply platform to address continued growing demand for fresh organic vegetable and fruit products in European markets and beyond,” commented Rients van der Wal, CEO of Organto Europe BV. “We believe that Mexico offers unparalleled organic growing, processing and supply potential, and believe we are well-positioned to realize on our objective of positioning Organto de Mexico as a premier exporter of organic produce to European markets.”
The establishment of Organto de Mexico represents a key step in developing a meaningful presence in a region with significant expertise in organic fruits and vegetables, bringing together Organto’s technical knowledge and go-to-market expertise with the infrastructure, technical knowledge, growing and processing expertise of strategic suppliers and processing partners in the region.
With the establishment of Organto de Mexico, human and financial resources are being deployed to meet the needs of the growing business in the region. An office has been established in Guadalajarato manage the operations in the region, working with growers, managing logistics and providing necessary technical and administrative support. Over time Organto intends to utilize the Guadalajaraoffice to coordinate all Latin American administrative processes.
ON BEHALF OF THE BOARD,
Steve Bromley
Chair and Interim Chief Executive Officer
