NONBROWNING APPLE The Arctic apple was developed by Okanagan Specialty Fruits in Summerland (Arcticapples.com)

B.C. fruit company that developed nonbrowning Arctic apple sells to U.S. firm

Okanagan Specialty Fruits Inc. developed the nonbrowning Arctic apple

A Summerland apple growing and marking company, responsible for developing the nonbrowning Arctic apple, has been purchased by an American biotechnology company.

Okanagan Specialty Fruits Inc, was purchased by TS Biotechnology Holdings, LLC. The transaction closed on Jan. 31.

Third Security is a venture capital firm led by Randal J. Kirk.

“R.J. Kirk is a powerful champion of our Arctic apples and we are thrilled to continue our partnership with him at Third Security,” said Neal Carter, founder of Okanagan Specialty Fruits.

READ ALSO: Arctic apple set for debut

READ ALSO: Carters support hospital with apple benefits

“Collaboration with Third Security will facilitate our continued success as we further expand into retail and food service, enhancing our ability to deliver more apples in more places.”

Kirk said the purchase of Okanagan Specialty Fruits Inc. will benefit TS Biotechnology Holdings.

“The success of OSF’s Arctic apple is ground-breaking for the produce industry and for bioengineering science,” said Kirk, founder and CEO of Third Security. “We are excited to add OSF’s innovation and passion to our portfolio.”

Okanagan Specialty Fruits is focussing on expanding the availability of Arctic apples into new marketplaces and has introduced fresh apple slices into food service last fall.

The company says the apple slices require less preparation, produce less waste and deliver better taste, while also providing an extended shelf life.

Founded in 1996, Okanagan Specialty Fruits Inc. has been pursuing the use of biotechnology-directed fruit breeding.

To report a typo, email:
news@summerlandreview.com
.



news@summerlandreview.com

Like us on Facebook and follow us on Twitter.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

COVID-19: Isolation exemptions to frontline workers a danger to patients, say Island Health employees

Staff exempt from self-isolation upon return from international travel according to Island Health

Tofino and Ucluelet distilleries step up with hand sanitizer

Mass supply delivered to emergency operation centres in Tofino, Ucluelet, Bamfield and Port Alberni.

B.C. COVID-19 contact restrictions working, Dr. Bonnie Henry says

’Not out of the woods yet’ as next two weeks are critical

Donors in Port Alberni called on to give blood

Donation event scheduled for April 7 to 9 at Italian Hall Events Centre

VALLEY SENIORS: Eighty years of Alberni Valley memories

Pat Rogers celebrates 80 years of living in the Alberni Valley

Trudeau announces 75% wage subsidy for small businesses amid COVID-19

This is up from the previously announced 10 per cent wage subsidy

An ongoing updated list of Alberni Valley events affected by COVID-19

Has your event been cancelled or postponed? Check here

World update, 9:30 p.m. March 27: Positive news in Korea as U.S. hits 100,000 cases

The United States now has the most coronavirus cases of any country in the world

VIDEO: Penguins roam empty halls of Vancouver Aquarium

COVID-19 has forced the Vancouver Aquarium to close access to guests – leaving room for its residents

COVID-19: Qualicum Beach youngster gets car parade for his sixth birthday

Friends get creative after party cancelled due to ongoing pandemic

Kids get back to learning in B.C., online

Ministry of Education rolls out new tool for school

Nanaimo RCMP ask for help locating 17-year-old girl believed to be with 36-year-old man

Mary Cyprich, missing since Thurday, might be in company of Force Forsythe

67 more B.C. COVID-19 cases, two more deaths in Vancouver region

Positive tests found in Surrey, Langley long-term care facilities

Most Read