Vancouver, WA – Agriculture Capital announces its entry into frozen fruit processing with an investment in Firestone Pacific Foods, one of the premier frozen fruit processors in the Pacific Northwest. To date, Agriculture Capital’s permanent crop operations span over 18,000 acres in California, Oregon and Australia, including growing, packing and marketing table grapes, blueberries, hazelnuts and citrus. Agriculture Capital also has deep roots in berry farming and processing, with 3000 acres of blueberry farms under management in Oregon and California.
Included in the investment are Firestone Pacific Foods’ state-of-the-art frozen processing, packing and cold storage facilities, with high standards in food safety and traceability to ensure the best quality from farm to freezer. Family owned and operated in Vancouver, Washington since 1896, Firestone Pacific Foods has a strong network of relationships with top-tier growers and global customers. Agriculture Capital’s investment in Firestone creates an opportunity to scale the business to expand processing and cold storage capacity.
“We are excited to embark on this next phase of our business and to join the Agriculture Capital family of companies.” Stan Firestone, Firestone Pacific Foods President, shared. “Agriculture Capital shares our values and its commitment to excellence, accountability, transparency and stewardship is well-aligned with our company’s passion to deliver the finest fruit quality with high levels of food safety and flawless operational performance.”
Firestone Pacific Foods and Agriculture Capital share a deep commitment to regenerative agriculture practices and responsible food production. Agriculture Capital is one of the largest organic blueberry growers in the U.S. and the first to use the Bee Better Certified™ seal developed by the Xerces Society for on-farm native pollinator habitat restoration. By bringing together Firestone Pacific Foods’ best-in-class IQF operations and Agriculture Capital managed blueberry farms, Firestone Pacific Foods will be able to bring healthy, quality produce to even more homes.
Tom Avinelis, Co-managing Director at Agriculture Capital, described the relationship: “Firestone Pacific Foods’ dedication to growing, freezing, and distributing the highest quality fruit makes them a natural fit for Agriculture Capital. Given its innovative processing and frozen capabilities and Agriculture Capital’s organic blueberry production, our combined teams will provide healthy and safe products for more people. We are thrilled to scale Firestone Pacific Foods’ operations, building on its trusted relationships as we grow together.”
“It’s our honor to work alongside Stan Firestone and his incredible team as we add another truly best-in-class operation to the Agriculture Capital family,” Rob Hurlbut, Co-managing Director at Agriculture Capital, commented. “Together we will offer customers farm-level transparency and create and capture value from our regenerative practices, maximizing our vertically-integrated strategy across the supply chain.”
About Firestone Pacific Foods
Firestone Pacific Foods is regarded as one of the premier fully-integrated processors and packers of frozen fruits in the Pacific Northwest. Located in Vancouver, Washington and family-operated since 1896, Firestone Pacific Foods brings a passion for quality and a focus on excellence that has grown the company into a top supplier of a full range of frozen fruit products to leading retailers globally. At Firestone Pacific Foods, a deep commitment to food safety and sustainable farming and processing practices is carried through from the farm, to the sorting, freezing, and processing facility, to consumers at home.
To learn more, visit www.firestonepacificfoods.com/.
About Agriculture Capital
ACM Management Company, LLC, also referred to as Agriculture Capital, or AC, invests in permanent farmland and synergistic midstream assets to create a vertically integrated enterprise that grows, packs and markets high-value produce. With more than 18,500 acres of grapes, citrus, blueberries and nuts managed across in California, Oregon and Australia, Agriculture Capital seeks to model a food system that produces consumer-loved food at scale, delivers healthy returns to investors, and makes a difference in local communities. We seek to partner with nature and infuse regenerative management practices into a rapidly evolving food system to pursue our vision of a world where everyone has access to better, healthier food. ACM Management Company is an investment advisor, registered with the SEC.
To learn more, visit www.agriculturecapital.com.
Jane Siegel, 978.460.7141