Canadian deal for Total Produce

Dublin-based fruit retailer Total Produce has agreed to buy up to 65% of Canada’s Grandview Ventures over four years for €32m.

Grandview Ventures, trades as the Oppenheimer Group, and provides fresh fruit and produce to retailers, wholesalers, and food service customers in the US and Canada.

Total is paying an initial €11.7m for 35% of Grandview and will buy a further 30% of the company in 2017 if it meets sales and profitability targets.