Cox Makes Strategic Investment in Controlled Environment Agriculture Company Mucci Farms – Yahoo Finance

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This funding in Mucci Farms will accelperiodte The enlargement of an enterprise chief, complement Cox’s current managed environment agriculture enterprise and increase Cox’s cleartech portfolio.

ATLANTA, June 3, 2022 /CNW/ — Cox Enterprises introduced An monumental strategic funding in Mucci Farms, a 60-yr enterprise chief with a community of hundreds of acres of indoor developn Vegatables and fruits. As An prolonged-time period opperiodtor and investor, Cox is uniquely positioned and dedicated to halfnering with Mucci Farms to scale and meet rising shopper demand. This strategic halfnership is The subsequent half in Cox constructing a multibillion-greenback managed environment agriculture (CEA) enterprise and establishing Cox as Definitely one of many main suppliers of sustainable produce throughout North America.

Cox Enterprises

This transaction builds on Cox’s Greater than $1 billion funding in sustainable utilized sciences since 2007. Mucci Farms increases Cox’s managed environment agriculture enterprise by way of a gooder Quantity of sustainably developn produce and enhanced geographic revery.

“Mucci Farms combines its multiperiodal farming expertise and technological improvements to develop extreme-extreme quality, good tasting produce,” said Steve Bradley, Vice chairman of cleartech, Cox Enterprises. “It is the proper complement to our developing footprint in sustainable agriculture, and We look forward to working Collectively with the Mucci Farms group To rework the enterprise.”

Headquartered in Ontario, Canada, Mucci Farms currents current produce to primary retailers throughout Canada and America. The enterprise chief has greenhouses in each nations with a devoted group of Greater than 2,000 staff. With annual fundings in world class know-how, Mucci Farms places a extreme emphasis on automation and robotics To reinforce efficiencies from seed to retail.

The agency is dedicated to sustainability and innovation by way of every facet of its opperiodtions. This embraces award-worthwhile sustainable packaging, an aggressive water recycling program, constructed-in pest administration and The Most very important develop mild program Inside the Canadian CEA enterprise.

“It is humbling to see how far We now have come as An group that was as quickly as a small household enterprise,” said principals Bert Mucci, Danny Mucci, Gianni Mucci and Joe Spano in a joint assertion. “For a number of many yrs, We now have had super progress at Mucci Farms to convey us to the forefront of managed environment agriculture. The core of our group and success has been rooted in household values throughout the board, from our inner groups to our halfners. We’re dedicated to assisting our clients with extreme-extreme quality merchandise, excellence in execution and vertically constructed-in assist from seed to retail. We’re excited to proceed this journey with Cox Enterprises, who share these values and that imaginative and prescient And might assist our efforts To current extra communities with current produce from coast to coast.”

Cox Enterprises

Cox Enterprises Is Dedicated to constructing A gooder future by way of our main communications, automotive and media corporations. Our primary working subsidiaries embrace Cox Communications and Cox Automotive, and we are strategically investing in new industries and rising utilized sciences, with sizeable pursuits in clear know-how and well being care. Headquartered in Atlanta, Georgia, Cox is A worldwide agency with $20 billion in annual revenues And varieties that embrace Autotrader, Kelley Blue E-book and Cox Homelife. Based in 1898 by Ohio Governor James M. Cox, the agency is a household-owned enterprise dedicated to its people, communities and planet. To study extra about Cox, go to coxenterprises.com.

About Mucci Farms

Mucci Farms is a second-period fruit and vegetable developer headquartered in Kingsville, Ontario, Canada, with over 60 yrs of rising expertise. Vertically constructed-in from seed to retail, the agency owns and opperiodtes greenhouse and warehouse amenities spanning the continent with a mission to ship The very Highest extreme quality of current produce On the market by way of innovation In any respect ranges. Committed to executional excellence by way of a extremely collaborative group, the award-worthwhile agency is closely invested in automation and know-how, alongside with world class evaluation and enchancment to supply consumers In all probability the most flavorful varieties On the earth. To study extra about Mucci Farms, go to muccifarms.com or discover us on all primary social media platforms.

Mucci Farms

Mucci Farms

Mucci Farms

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