Organto Foods Inc., a prominent provider of organic and value-added organic fruits and vegetables today announced that it has finalized definitive agreements to acquire the operating assets of ZMS B.V. (“Zimbabwe Marketing Services” or “ZMS”) including customer and supplier relationships and certain trademark applications. ZMS is based in the Netherlands and serves a variety of European customers with non-GMO and organic raspberries, snow peas, sugar snaps and fine green beans sourced from a number of African-based growing regions. The transaction is subject to TSX Venture Exchange acceptance.
ZMS is based in the Netherlands and commenced operations in 2018. ZMS was initially founded by Rients van der Wal and Sander Barhoorn. Mr van der Wal is the current Co-CEO of Organto and Mr. Barhoorn is a senior member of Organto’s European management team. ZMS works with a number of African-based suppliers and service providers to bring non-GMO and organic raspberries, snow peas, sugar snaps and fine green beans to the European market. The addition of ZMS’s resources is expected to be central to Organto’s plan to grow and diversify supply from key African growing regions.
Under the terms of the acquisition, Organto will acquire all customer and supplier relationships of ZMS plus currently initiated trademark applications for the rights to the Awesome Fruits brand for non-GMO branded fruits in the EU and the Rawsome Fruits brand for organic fruits in the EU.
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Organto Foods Inc.