A fund managed by food and agriculture investment firm Cibus Capital has aqcuired a majority stake in PSB Producci贸n Vegetal, a company specialising in fruit genetics and stone fruit breeding.
Cibus Fund II is investing an undisclosed amount to acquire the interest in PSB which owns a stone fruit breeding portfolio of 74 patented varieties and 51 more under review, spanning peaches, nectarines, apricots and plums, and expanding into table grapes and cherries.
Rob Appleby, founder and CIO of London-based Cibus Capital, said: 鈥淧artnering with PSB places us at the forefront of natural breeding in the high-value fruit sector. Its pioneering work is vital to creating climate-resilient crops that secure sustainable food supply chains in a rapidly changing world.
鈥淧SB exemplifies world-class improvement and sustainability. We see tremendous potential to scale its impact globally, transforming the fruit industry with next-generation varieties.鈥�
St茅phane Buffat, PSB CEO, said: 鈥淭his partnership marks a milestone for PSB. With Cibus鈥� backing, we will enhance our breeding programmes through technological innovation and expand into new markets, all while delivering exceptional fruit varieties that delight consumers and empower growers.
鈥淧SB is characterised not only by the leading varieties but also the professional excellence of the individuals within the company. The international perspectives and support of Cibus will act as an exciting foundation for the growth and development of the young and talented team.鈥�
Jason Silm, partner and head of agriculture of Cibus Capital, said: 鈥淐ibus are excited to partner with St茅phane and his industry leading team.
鈥淥ur sector expertise, networks and value creation playbook will assist PSB to innovate, internationalise and pivot into high growth super fruit categories. PSB is the perfect platform to bridge between consumers and growers with enhanced genetics.鈥�
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