Tessara (Pty) LTD.

Based in South Africa, Tessara (Pty) LTD. specializes in providing innovative packaging solutions that enhance the freshness and shelf life of produce through advanced technologies. Tessara (Pty) LTD. is a South African company based in Cape Town, founded in 1985.

It focuses on developing solutions to reduce food waste and improve the quality of fresh produce. Recently, in July 2023, AgroFresh Solutions, Inc. acquired Tessara from Carlyle Group, which will enhance AgroFresh's portfolio in the food freshness sector. J Smit serves as the CEO.

Following its merger with AgroFresh, Tessara delivers a comprehensive suite of freshness solutions aimed at reducing food waste and enhancing the shelf life of produce. Their core offerings include innovative packaging solutions from Tessara, combined with AgroFresh's technologies like SmartFresh, EthylBloc, and VitaFresh, which effectively manage ethylene levels to improve the quality of fruits and vegetables during storage and transport. These products cater to various stakeholders in the agricultural supply chain, including growers, packers, and retailers, and are utilized for crops such as apples, avocados, and grapes across North America, Latin America, Europe, and parts of Asia. AgroFresh generates revenue through direct sales and partnerships with agricultural sector players, utilizing a business-to-business model.

The flagship products, including SmartFresh and EthylBloc, are supplied to wholesalers and retailers who distribute them to end-users, such as grocery stores. This business model often involves long-term contracts and subscription services, with pricing tailored to meet the specific needs of clients. The acquisition by AgroFresh in July 2023 will broaden its presence in the food waste reduction sector while expanding Tessara's market reach. Future growth plans include the development of new products and the introduction of fresh packaging solutions designed to further enhance produce freshness.

Specific timelines and markets targeted for expansion will be outlined as the integration progresses, supported by recent funding that is aimed at enhancing operational capabilities and market penetration.