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Paine Schwartz Partners invests in AM Fresh's specialty new fruit licensing unit

Paine Schwartz Partners LLC made a 30% investment in the specialty new fruit licensing unit of fresh food company AM Fresh Group to form a table grape operating company.

The food- and agribusiness-focused investor will help the patented table grape development, licensing and commercialization platform advance its activities to improve the portfolios of its licensed growers and partners.

AM Fresh will retain a majority stake in the platform.

Merrill Lynch was financial adviser to AM Fresh.