Pangea Africa, Black Star Africa acquire majority stake in Eden Tree
Pangea Africa Limited and Black Star Africa Limited have jointly acquired a majority stake in Ghanaian fresh food producer Eden Tree Limited, paving the way for changes in the company’s leadership and plans to expand its operations across West Africa.
Ghanaian fresh food producer Eden Tree Limited has seen a majority stake acquired by Pangea Africa Limited and Black Star Africa Limited. This majority stake acquisition aims to bring changes to the company's leadership and plans for expansion across West Africa. The investment firm Investisseurs & Partenaires (I&P) is exiting its shares in Eden Tree, which it has held since 2015.
Catherine Krobo Edusei, the founder and former CEO of Eden Tree, will step down from her position after nearly 29 years. She will continue as a director and assume the role of Founder Emeritus. Grant Webber, a representative of Black Star Africa, will become the new Chief Executive Officer, while Tracy Boswell Scicchitano, a Pangea Africa Director, will join Eden Tree's Board of Directors.
Eden Tree, which was founded in 1997 by Catherine Krobo Edusei, began as a small packaging operation in a single room. It has since grown into a recognized supplier of packaged fruits, vegetables, herbs, and convenience foods in Ghana. The company sources produce from a network of farmers, washes and processes it, packs it, and distributes it to various outlets, including retail, corporate, and institutional clients. Eden Tree also operates a processing facility in Tema.
The new owners plan to focus on improving production, strengthening the supply chain, and positioning Eden Tree as a major supplier of fresh and processed food in West Africa. They aim to address food losses and supply-chain gaps by installing solar-powered cooling facilities near farming communities, expanding the use of climate-smart drip irrigation, and organizing farmers into outgrower cooperatives.
John Scicchitano, a Strategic Advisor at Pangea Africa, highlighted how these interventions could reduce post-harvest spoilage, stabilize supply, and lower the cost of nutritious food in Ghana.
The new leadership structure is expected to help maintain the company's tradition of women's leadership while introducing new strategic direction.
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