Maui Capital gets nibbles for Freshmax

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Australasian fresh produce business Freshmax has attracted interest from potential buyers and an ownership change is possible before the end of September, say sources close to the sale process.

Private equity firm Maui Capital, which acquired 60 percent of Freshmax in 2011, kicked off a sale process earlier this year for the Australian-registered and NZ-headquartered fresh fruit supplier, which has interests in South and North America, South Africa, New Zealand and Australia. Sources said there has been interest from potential buyers across the globe, including some with strong distribution channels of their own. Maui hasn’t indicated whether it would completely exit Freshmax, which needs more capital to expand.

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