Business
Mission Produce™ and NatureSweet® Enter Long-Term 3PL Partnership in Laredo, Texas
Mission’s Laredo mega center expected to accommodate approximately 70% of NatureSweet’s North American vegetable products OXNARD, Calif., Sept. 06, 2022
About this update from Mission Produce, Inc.
[{"type":"text","content":"Mission’s Laredo mega center expected to accommodate approximately 70% of NatureSweet’s North American vegetable products\nOXNARD, Calif., Sept. 06, 2022 (GLOBE NEWSWIRE) -- Mission Produce, Inc. (NASDAQ: AVO) (“Mission”), a world leader in sourcing, producing and distributing fresh Hass avocados with additional offerings in mangos, and NatureSweet® Tomatoes, the producer of North America’s best-selling snacking tomatoes, Cherubs®, has announced a long-term third-party logistics (“3PL”) partnership leveraging Mission’s state-of-the-art forward distribution center (“FDC”) in Laredo, Texas. The move is anticipated to support the expansion of NatureSweet’s greenhouse portfolio, which includes the industry’s leading snacking tomatoes, medium/large tomatoes, cucumbers, and peppers. In the mutually beneficial partnership, Mission will provide NatureSweet with cold storage, cross docking, repacking, inventory management, access to quality inspections and other services. NatureSweet plans to consolidate about 70 percent of its total product volume coming from Mexico in Mission’s Laredo FDC and distribute to U.S. customers located throughout the Southwest, Midwest, and East of the Mississippi. “Given the size and scale of our business, Mission is uniquely positioned to offer 3PL services that streamline operations and create logistical efficiencies for complementary products,” said Ben Barnard, Vice President of Business Operations at Mission. “We designed our Laredo mega center to serve as a major hub for U.S. avocado imports, and we are leveraging the facility’s size and advanced technology to drive volume and generate additional revenue through synergistic partnerships with produce importers. While enabling those partners to benefit from economies of scale, this business model also allows us to maximize utilization of the facility, especially in times of lower avocado supply. We are confident in our ability to support NatureSweet’s delivery and distribution needs and we look forward to partnering with them for many years to come.” “We expect our partnership with Mission Produce to significantly improve the distribution of NatureSweet’s top-selling produce,” says Bruno Del Rio, NatureSweet’s Vice President of Supply Chain. “There is increased demand for NatureSweet tomatoes, cucumbers and peppers, and Mission’s state-of-the-art consoli...