NOVEM acquires BC Tree Fruits Cooperative's largest controlled atmosphere and cold chain storage facility
NOVEM acquires BC Tree Fruits Cooperative's largest controlled atmosphere and cold chain storage facility
09/06/24, 12:14 PM
Location
kelownakelownaIndustry
biotechnology
agriculture and farming
NOVEM has agreed to purchase BC Tree Fruits’ largest controlled atmosphere and cold chain storage facility in Kelowna, B.C. The acquisition aims to extend a lifeline to B.C.’s tree fruit industry, allowing the tree-fruit industry to avoid the loss of as many as 25 million pounds of apples. Additionally, NOVEM plans to play a role in helping farmers create a modernized version of the Canadian fruit tree industry in British Columbia, with expansion plans to support the biopharmaceuticals and pharmaceutical industries.
Company Info
Location
Kelowna, British Columbia, Canada
Company info
NOVEM specializes in combining processing and packaging, with cold chain warehouse and distribution services for the Agrifood, Pharmaceutical and Biopharmaceutical industries. The company has facilities in Kelowna and Edmonton and plans to continue storage operations at the Sexsmith Road site as well as expand the facility to accommodate future growth plans across a broader range of the overarching Agrifood industry. These expansion plans will increase employment opportunities in the region, including new staff working at the facilities and local farms.