09:06 AM EDT, 03/26/2025 (MT Newswires) -- Fresh Del Monte Produce ( FDP ) said Wednesday it will acquire a majority stake in avocado oil producer Avolio.
Financial terms of the deal were not disclosed.
The avocado oil industry is valued at around $1.2 billion and is growing at a compound annual growth rate of 8% to 10%, the company said citing Fortune Business Insights.