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AgroFresh Solutions has launched SmartCitrus, a new quality platform aimed at the citrus industry to enhance produce freshness and minimize food loss. This comprehensive system integrates post-harvest solutions and is powered by Control-Tec™ technologies and the FreshCloud™ digital platform. SmartCitrus includes a range of solutions, including fungicides and plant-based coatings. The launch also signifies the unification of the Tecnidex brand under AgroFresh, emphasizing the company's commitment to quality and sustainability, aiming to reduce an estimated 10,000 metric tons of food waste daily.
AgroFresh Solutions (Nasdaq: AGFS) will announce its first quarter results on May 13, 2021, after the market closes, followed by a conference call at 4:30 p.m. ET. The call will discuss quarterly results and feature insights from the executive management team. A replay will be available post-call. AgroFresh, a leader in AgTech, specializes in preventing food waste and enhancing produce freshness with over 40 years of expertise, notably through its SmartFresh™ Quality System. For more details, visit agrofresh.com.
AgroFresh Solutions has launched VitaFresh™ Botanicals – Life Ultra, a plant-based edible coating designed to enhance produce freshness and minimize food waste. Utilizing innovative nano emulsion technology developed in collaboration with QGP Química and Embrapa, this product offers superior coverage and protection for fruits, particularly citrus and tropical varieties. The coating reduces dehydration and energy costs during drying, presenting a sustainable option for the produce supply chain. With over 40 years of industry experience, AgroFresh aims to support retailers while promoting fresh produce enjoyment.
AgroFresh Solutions appoints Clinton A. Lewis Jr. as CEO to lead the company towards efficient and profitable growth. With over 30 years of experience in life sciences, Lewis has held key leadership roles at Pfizer and Zoetis. He succeeds Jordi Ferre, who will assist during the transition. The Board believes Lewis will enhance operations and create shareholder value by leveraging his expertise. AgroFresh is recognized for its innovative post-harvest solutions aimed at reducing food waste and improving produce freshness.
AgroFresh Solutions (Nasdaq: AGFS) has reached a settlement in its ongoing litigation against Decco Post-Harvest and its parent company, UPL Limited. The agreement resolves all outstanding litigation, but the terms are confidential. AgroFresh, recognized for its innovative SmartFresh™ technology, aims to prevent food waste and enhance produce quality. The CEO, Jordi Ferre, expressed optimism about focusing on future developments following the settlement. AgroFresh's commitment to R&D remains strong, emphasizing its role in revolutionizing the post-harvest industry.
AgroFresh Solutions announced a partnership with Peruvian produce leader Camposol to utilize its VitaFresh™ Botanicals plant-based coatings, enhancing the shelf life of avocados. This innovation aims to reduce food waste and improve consumer satisfaction in Europe, the U.S., and China. The coatings extend shelf life by 2 to 4 days and could generate up to 200% retailer ROI. AgroFresh's CEO emphasized the commitment to providing solutions that enhance produce quality and support Camposol's global expansion efforts, with sustainable practices backed by ISO 14001 standards.
AgroFresh Solutions (Nasdaq: AGFS) reported a 2020 net sales decrease of 7.3% to $157.6 million, impacted by a smaller North American apple crop and COVID-19 disruptions. The company posted a net loss of $53 million for the year, with Adjusted EBITDA at $60.1 million, reflecting a margin of 38.1%. In Q4 2020, net sales fell 14.9% to $51.9 million, with a gross profit margin of 73.5%. Despite challenges, the company sees potential in its diversification pipeline with promising products like VitaFresh™ Botanicals and Harvista™.
AgroFresh Solutions, Inc. (Nasdaq: AGFS) announced its management team will participate virtually in the 33rd Annual Roth Conference on March 15, 2021. CEO Jordi Ferre and CFO Graham Miao will engage with investors during this event. AgroFresh is a leader in AgTech, focusing on reducing food waste and improving produce freshness. With over 40 years of experience, they offer science-based solutions and proprietary technologies to enhance the food supply chain, notably with their SmartFresh™ Quality System for apples.
AgroFresh Solutions, Inc. (Nasdaq: AGFS) will release its fourth quarter and full year 2020 results on March 10, 2021, after market close. A conference call will follow at 4:30 p.m. ET to discuss the financial results. The call will be accessible through the company's Investor Relations website and will feature commentary from the executive management team. A replay of the call will be available from March 10 through March 24, 2021. AgroFresh, a leader in produce freshness solutions, focuses on reducing food waste and enhancing shelf life across the food supply chain.
AgroFresh Solutions has launched plant-based, edible coatings under the VitaFresh™ Botanicals brand, aimed at extending the freshness of produce from harvest to kitchen. The coatings employ 'anti-thirst' technology to enhance natural protection, thereby reducing dehydration and food waste. They comply with ISO 14001 standards and are packaged in reusable containers, which may lower costs and enhance quality marketing for retailers. The company boasts 40 years of experience in post-harvest solutions, positioning itself as a leader in sustainable practices.
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