- Borges Agricultural & Industrial Nuts, S.A. (BAIN) disinvests in its farms located in the Sacramento Valley, United States and focuses on local agricultural development.
- Following its strategic plan, BAIN plans to add more than 1,000 hectares to its agricultural project in the next three years to achieve the management of 3,500 hectares of almond, walnut and pistachio trees in the Iberian Peninsula.
Borges Agricultural & Industrial Nuts (BAIN), the dried fruit business unit led by Borges International Group, has reached an agreement whereby Carriere Farms acquires 82% of the capital of Borges of California, Inc. controlled to date by BAIN , for an amount of 19.9 million dollars, contributing an accounting result of 9 million euros.
Following its strategic plan, BAIN plans to add more than 1,000 hectares to its agricultural project in the next three years to achieve the management of 3,500 hectares. of almond, walnut and pistachio trees in the Iberian Peninsula with a clear focus on the management of responsible agriculture in the use of soil, water and natural resources, applying precision agriculture techniques for a more efficient use of resources.
BAIN reaffirms its commitment to sustainable agriculture by obtaining the certification of 72% of the new almond plantations executed since 2016 with the Global GAP mark, the international standard of good agricultural practices and expects to reach 100% as they begin to go into production. Likewise, BAIN has a plan to reconvert the oldest walnut and pistachio plantations, turning them into more responsible plantations with more efficient use of resources. Currently BAIN has 953 hectares of almond, walnut and pistachio trees certified with the Global GAP recognition.
Learn more about Responsible Agriculture.