The Carlyle Group completes acquisition of Tessara, a South African manufacturer of fresh produce preservation solu…

Cape Town, South Africa, 1 August 2018 – Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced it has completed the acquisition of a majority stake in Tessara, a manufacturer of preservation technologies for use in the marketing and export of fresh produce.

The transaction closed on 31 July 2018 and funding for this investment came from Carlyle Sub-Saharan Africa Fund. Financial terms are not disclosed.

Founded in 1985, Tessara is a well-established business with a strong brand and a growing global market position in Sulfur Dioxide (SO2)-based sheets for use in the preservation of fresh produce. Its flagship product is Uvasys, a SO2-based sheet, primarily used to protect table grapes against Botrytis infection, which is responsible for almost 50% of all…

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