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The Boston Globe

Business

Ocean Spray buys cranberry processing business in Chile

Ocean Spray Cranberries Inc., the Massachusetts-based agricultural cooperative, said Thursday it has acquired a cranberry processing business in Chile that will expand its multinational footprint and increase its capacity to produce dried cranberries by 12 million pounds annually.

Ocean Spray’s press release about its first acquisition outside of North America did not include financial details of the transaction.

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