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

Bachrach rejects calls for police action against demonstrators

Skeena-Bulkley Valley MP says only way out of crisis is “true nation-to-nation” talks

Coast Mountain College appoints a new president

The promotion came from within the school

Coastal GasLink pipeline investor committed to closing deal despite protests

Developer TC Energy Corp. — formerly TransCanada Corp. — is to remain the operator of the $6.6-billion pipeline

Prince Rupert launches community review plan

Prince Rupert launches community review plan with online survery

College finds a new president

Promotion comes from within

Pipeline dispute: Tories put no-confidence motion on House of Commons agenda

Conservatives say they have no confidence in the Trudeau government to end the rail blockades

Province shows no interest in proposed highway between Alberta and B.C.

Province says it will instead focus on expanding the Kicking Horse Canyon to four lanes

First case of COVID-19 in B.C. has fully recovered, health officer says

Three other cases are symptom-free and expected to test negative soon

A&W employees in Ladysmith get all-inclusive vacation for 10 years of service

Kelly Frenchy, Katherine Aleck, and Muriel Jack are headed on all-expenses-paid vacations

Via Rail lays off 1,000 employees temporarily as anti-pipeline blockades drag on

The Crown corporation has suspended passenger trains on its Montreal-Toronto and Ottawa-Toronto

VIDEO: Knife-wielding man arrested after barricading himself in Lower Mainland Walmart

A man had barricaded himself in the freezer section of the fish area at a Walmart in Richmond

Budget 2020: Weaver ‘delighted,’ minority B.C. NDP stable

Project spending soars along with B.C.’s capital debt

B.C. widow ‘crushed’ over stolen T-shirts meant for memorial blanket

Lori Roberts lost her fiancé one month ago Tuesday now she’s lost almost all she had left of him

Higher costs should kill Trans Mountain pipeline, federal opposition says

Most recent total was $12.6 billion, much higher than a previous $7.4-billion estimate

Most Read