NOVEM Extends Lifeline to B.C.’s Tree Fruit Industry With Purchase of Bankrupt BC Tree Fruits Cooperative Property

KELOWNA, British Columbia--(BUSINESS WIRE)--Today, NOVEM has agreed to terms to purchase BC Tree Fruits’ largest controlled atmosphere and cold chain storage facility in Kelowna, B.C. Prior to closing the transaction, NOVEM will lease the facility on an emergency-basis to allow the tree-fruit industry to avoid the loss of as many as 25 million pounds of apples. This year’s harvest, and the livelihoods of hundreds of growers and thousands of workers, was put at significant risk when BC Tree Frui...

Read the full news release here