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

Schools ramp up contact efforts with students

Efforts of school district employees called “extraordinary”

North District RCMP see massive spike in domestic calls

Connection to COVID-19 pandemic likely for reduced call volume, increased severity

Northwest mines lengthen crew rotations in response to COVID-19

Northern Health confident precautions sufficient enough to keep work camps open

Coastal GasLink gives $100K to United Way efforts in Northern B.C.

Organization’s COVID-19 Relief Fund benefits seniors in isolation, among others

COVID-19: Trudeau says 30K ventilators on the way; 3.6M Canadians claim benefits

Canada has seen more than 17,000 cases and at least 345 deaths due to COVID-19

As Canadians return home amid pandemic, border crossings dip to just 5% of usual traffic

Non-commercial land crossing dipped by 95%, air travel dropped by 96 per cent, according to the CBSA

Logan Boulet Effect: Green Shirt Day calls on Canadians to become organ donors

While social distancing, the day also honours the 16 lives lost in the 2018 Humboldt Broncos Crash

COMMENTARY: Knowing where COVID-19 cases are does not protect you

Dr. Bonnie Henry explains why B.C. withholds community names

B.C. wide burning restrictions come into effect April 16

‘Larger open burns pose an unnecessary risk and could detract from wildfire detection’

B.C. secures motel, hotel rooms for COVID-19 shelter space

Community centres, rooms reserved for pandemic self-isolation

Look at hospitalizations, not recovery stats for COVID-19, B.C. professor says

Cases in hospital are a definitive count of people who have the novel coronavirus

B.C. First Nations want to launch fight of Trans Mountain pipeline approval

Last month, the Supreme Court of Canada decided not to hear five challenges about the pipeline

Most Read