"Mastronardi is the unquestionable leader in marketing and distributing CEA-grown produce to top grocers and restaurants in North America, and partnering more closely with them to fulfill the growing demand for quality local, fresh produce across the United States positions us together to make an even greater impact to establish a climate-resilient, sustainable food system to ensure food security," adds Jonathan Webb, AppHarvest Founder and CEO.Ī pioneer and industry leader in the gourmet greenhouse industry, Mastronardi Produce grows and markets nationally recognized products under the SUNSET® brand, including Campari®, Flavor Bombs®, and Angel Sweet® tomatoes. "We have seen the demand for locally-grown produce skyrocket, particularly over the past 18 months as more people are cooking from home, and this partnership will allow us to significantly increase our ability to get more fresh, flavorful locally-grown produce to tables across America." "We are extremely pleased to be entering into this letter of intent with AppHarvest," says Paul Mastronardi, President and CEO of Mastronardi Produce Ltd. The venture would use the equity contributed from both companies to raise additional capital to fund its growth, targeting to build over 750 acres of CEA Facilities in the United States to grow fresh fruits and vegetables including leafy greens. The companies have signed a non-binding letter of intent to form FarmCo, a joint venture to develop a portfolio of controlled environment agriculture (CEA) facilities to expand supply of fruits and vegetables including leafy greens to Mastronardi's existing fresh produce marketing and distribution business.įarmCo is planned to have its own leadership team, and calls for the two partners to contribute equity and assets of over $100M. and AppHarvest have announced a new endeavor that will further strengthen their relationship and cement their leadership as true visionaries in the AgTech sector. 11, 2021 /PRNewswire/ - Mastronardi Produce Ltd.
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