Manulife Investment Management completes majority acquisition of Chilean fruit exporter, David Del Curto S.A.
BOSTON, Jan. 28, 2021 /PRNewswire/ - Hancock Natural Resource Group (HNRG), a company of Manulife Investment Management, announced today it has completed a majority acquisition of David Del Curto S.A. (“DDC”), on behalf of its third-party clients. The acquisition helps to diversify its growing agricultural portfolio through its Farmland Plus initiative. Farmland Plus assets include integrated crop operations such as transitional processing, storing and packaging for wholesale distribution. The acquisition is in keeping with Manulife Investment Management’s priority to strategically grow its private markets offering across timber, agriculture, infrastructure, real estate, private equity and credit.
January 29 , 2021
U.S. investment group Hancock Natural Resource Group (HNRG) has acquired a majority stake in leading Chilean fruit company David Del Curto (DDC).
HNRG, a company of Canada-headquartered Manulife Investment Management, said the acquisition helps to diversify its growing agricultural portfolio through its strategic initiative Farmland Plus.
David Del Curto, S.A. is a leading Chilean fruit production, packing and export company, which produces over ten different fruit types across eleven farms, while also managing one of the largest nurseries in the country.
It also operates three packing facilities with a capacity of nine million boxes of fruit. DDC will continue to be led by Fernando Cisternas, the current CEO, and the management team, who will oversee day-to-day operations and key strategic growth projects.
DDC fruits include blueberries
Manulife Investment Management s Hancock Natural Resource Group (HNRG) has wrapped up the acquisition of a majority stake in Chilean fruit exporter David Del Curto (DDC), on behalf of its third-party clients.
Financial details of the deal remain undivulged.
Based in Chile, David Del Curto produces more than ten types of fruits across its 11 farms. In addition to fruit production, the company also packs the fruits and exports them to other countries.
DDC operates three packing facilities with a capacity of nine million boxes of fruit. It packs and markets fruit for nearly 90 third-party growers, as well as fruits from its own farms.
TSX/NYSE/PSE: MFC SEHK: 945
BOSTON, Jan. 28, 2021 /PRNewswire/ - Hancock Natural Resource Group (HNRG), a company of Manulife Investment Management, announced today it has completed a majority acquisition of David Del Curto S.A. ( DDC ), on behalf of its third-party clients. The acquisition helps to diversify its growing agricultural portfolio through its Farmland Plus initiative. Farmland Plus assets include integrated crop operations such as transitional processing, storing and packaging for wholesale distribution. The acquisition is in keeping with Manulife Investment Management s priority to strategically grow its private markets offering across timber, agriculture, infrastructure, real estate, private equity and credit.
David Del Curto, S.A. is a leading Chilean fruit production, packing and export company, which produces over ten different fruit types across eleven farms, while also managing one of the largest nurseries in the country. It also operates three pack