Inventure Foods Inc. signed a non-binding letter of intent for the purchase of the berry processing business of Willamette Valley Fruit Company.
April 25/Phoenix/PRNewswire -- Inventure Foods Inc. signed a non-binding letter of intent for the purchase of the berry processing business of Willamette Valley Fruit Company LLC (WVFC), including building and ground leases. Terms were not disclosed, as the transaction remains subject to completion of due diligence, agreement on a definitive purchase agreement, and other customary closing conditions.
WVFC began in 1999 as a small frozen processing operation and has since become one of the Pacific Northwest's leading processors of berry products. Each summer, WVFC processes, on average, 13 million pounds of fruit, including strawberries, raspberries, boysenberries, blueberries, a variety of blackberries, cranberries and the local favorite, Marionberries.