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

Boulders near Harrison vandalized with derogatory word

Vandalism likely occured between Sunday evening and Tuesday evening

First rainstorm of the season pelting the Lower Mainland

Batten down the hatches as heavy rains, wind, and some localized flooding possible

Irish folk supergroup Kíla set to perform on Saturday

Online concert will be available through Harrison Festival Society

Reported Kelowna Hells Angels member dies in Fraser Valley motorcycle crash

Michael “Speedy” Christiansen was found dead on Monday morning near Ruby Creek on Highway 7

B.C. reports 91 new cases as officials remain worried over ‘clusters of COVID-19

There have now been a total of 8,395 cases in B.C. since the pandemic began

Canada’s active COVID-19 cases top 10,000 as daily new cases triple over the past month

Dr. Tam repeated her warning to young people, who have made up the majority of recent cases

First 8 months of fatal overdoses in B.C. have now exceeded 2019 death toll

Nine people died every two days in August, BC Coroners Service data shows

Liberal effort to reset policy agenda panned by rivals as too much talk, not action

Trudeau said it’s ‘all too likely’ families won’t be able to gather for Thanksgiving next month

Return-It depots change beverage container deposits from 20 to 10 cents

Change will be implemented on Oct. 1, with a transition period being held until Oct. 11

Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

‘Show us the money’ for cannabis, local governments tell B.C.

Municipal tax, transit revenues falling as costs rise

Young man assaulted, left for 12 hours until help called in Vancouver’s Strathcona Park

Vancouver police are looking to identify the victim as they investigate an assault on Monday evening

‘It’s a boy’: Southern Resident killer whale calf born to J Pod is healthy, researchers say

J35 had previously done a ‘Tour of Grief,’ carrying her dead calf for 17 days

Most Read