Produce Investments (PIL) has agreed to sell all its shares in Linwood Crops (LCL) back to the potato marketing firm.
The chief executive of Produce Investments’ Angus Armstrong said: “Having supported the new venture back in 2016, both parties feel that now is the right time for the LCL team to take full control and for PIL to exit the business. We wish the LCL team well for the future.”
Produce Investments is a leading operator in the fresh potato and daffodil sectors, owning the potato supplier Greenvale and The Jersey Royal Company among other businesses.
Linwood Crops, which is based in March, Cambridgeshire, provides potato growers, suppliers and customers with supply and procurement solutions.