LGIAsuper taps into changing US food tastes

As demand for fresh food grows in America, LGIAsuper has sought to capitalise on the health trend by becoming one of the first institutional investors to back a strategy to supply produce across the States.

The super fund committed $112 million to Equilibrium Capital Group’s newest fund, which focused on fresh food production in North America, at the same time as announcing a partnership with leading American vegetable grower, The Houweling’s Group.

Houweling’s greenhouses grow sustainable tomatoes and cucumbers year-round and were strategically position across the US to meet leading retailers’ needs.

Related News:

LGIAsuper chief executive, Kate Farrar, said the investments gave Australians the opportunity to be part of the growth potential of American households’ changing tastes.

“Australians who have visited the United States often comment that the fresh produce doesn’t taste as fresh as it does at home,” she said. “Fruit and vegetables in the US have traditionally been imported from as far away as Mexico or shipped long distances across the US, which reduces freshness and impacts taste.

“Consumers today are demanding a higher standard of freshness and flavour and unique varieties that can only be grown in greenhouses. With more than 325 million residents in the United States this represents a huge growth opportunity for investors.”




Related Content

TAL cements group insurance dominance with new mandate

Hot on the heels of TAL acquiring major industry fund Rest’s insurance mandate two weeks ago, LGIAsuper has announced the company will take over its...Read more

Global equities post robust returns

Global equities are posting surprisingly robust returns since the start of 2019 after suffering heavy losses in the last quarter of 2018, according to...Read more

Investors should brace for geopolitical volatility

Geopolitical factors will impact Australian investment decisions over the next decade in a far more serious way than in the past, according to leading...Read more

Author

Comments

Add new comment