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Continental Grain Company Invests in Chile’s Agroberries

18 January 2022

Continental Grain Company invested an undisclosed amount in Agroberries, a Chile-headquartered producer, marketer and global distributor of fresh berries.

(Continental Grain Company | Agroberries)Continental Grain Company (“Conti”) announced today an investment in Agroberries (the “Company”), a leading global vertically integrated berries player. Agroberries commercializes
over 50,000 tons of berries per year to a blue-chip customer base primarily in North America and Europe, sourced from its landbank of more than 2,000 hectares and a diverse network of third-party growers. The Company’s agricultural footprint spans across five different countries, including some of the world’s most productive regions.

Wellness and demographic trends continue to drive strong momentum for fresh produce consumption. Given their high nutritional value, demand for fresh berries has continued to climb, making them one of the fastest growing fresh produce categories at retail stores globally. As a result, customers are seeking year-round suppliers of
high-quality berries.

Conti’s investment will enable Agroberries to expand its production assets and global distribution capabilities, both
organically and inorganically, as well as accelerate the roll-out of proprietary varietals further strengthening the
Company’s year-round offering across berry categories. As a long-term partner, Conti will use its international
network, M&A resources, and operational expertise to support Agroberries’ strategic development initiatives.

Jorge Varela, Co-Founder and CEO of Agroberries, highlighted: “I’m excited about the possibilities arising from our
partnership with Conti, and confident it will accelerate our global expansion plans, give our customers increased
access to our novel proprietary varieties, and offer exciting professional development opportunities for our
management team.”

Carlos Poblete and Ignacio Sanz serve as Co-Heads of Latin America for Conti. Carlos commented: “We have known the leadership team of Agroberries for years and believe the Company is well positioned to capitalize on a wide range of growth opportunities going forward.”

Ignacio added: “We are excited to partner with Agroberries and support the next phase of the Company’s global
expansion. Agroberries has established itself as a high-quality supplier in the markets it currently serves, and we intend to further grow the business through acquisitions that expand the Company’s geographic reach.”