Perfection Fresh is acquiring Tess Fresh, a processed and packed fruit and vegetable company, to expand its convenience and ready-to-eat capabilities.
The two companies have collaborated for some years, with Perfection Fresh saying the acquisition will enable Tess Fresh’s operational capability and expertise to be expanded nationally through Perfection Fresh’s national scale, retail customer relationships, and consumer and product understanding.
Perfection Fresh CEO Michael Simonetta said the deal was part of the company’s next phase of growth.
“To complement and expand on our current capabilities in fresh prepared and ready-to-eat fresh produce, Tess Fresh broadens that capability to unlock value for the entire value chain beyond where we are today” Simonetta said.
“Convenient, ready-to-eat products will extend the Perfection Fresh portfolio beyond its current range, and that is a critically important component of our current strategic plan,” he said.
Tess Fresh director Steve Tesoriero said the company’s customers would benefit from Perfection’s national sourcing and distribution network.
“We’re extremely proud of what the Tess Fresh team has achieved over the past 30 years in the fresh produce industry,” Tesoriero said.
Tess Fresh business manager Chantelle Tesoriero will join Perfection Fresh and lead the Convenience division.
“A focus on staff, our existing customer and supply partner relationships is vital to the success of this evolution, there’s enormous potential and opportunity ahead,” she said.
The integration is expected to take several more months, with work sites for both organisations remaining the same for the time being.
