Organic Alliance Inc. successfully completed the acquisition of the AvocadoMan brand business from American Eagle Transport LLC (AET), Montreal, Canada.
The agreement gives Organic Alliance control of the brand and began with shipments January 5, 2009. This is the first revenue generated by the company to date. AvocadoMan revenues for 2008 will more than double the $12 million generated in 2007 according to the brand’s former senior executive Stavros Daskos.
AvocadoMan products are grown and certified organic from Mexico under that label and sold in retail grocery stores and foodservice markets primarily in Canada. The agreement ensures that all avocados grown and packed for the company internationally are AvocadoMan brand.
