AeroFarms, the US vertical-farming company, has changed ownership. Multiple reports say its ownership is transferred to a unit of investment firm Palm Ventures. The transition also includes new leadership, with a former Kraft Heinz executive appointed as AeroFarms’ chief executive officer.
The reporting indicates that Palm Ventures’ affiliated entity takes control of the business as part of the transaction. The company’s vertical-farming operations in the United States remain the core of the acquisition. Details on the purchase price and the full terms of the deal are not provided in the available excerpts.
The appointment of the former Kraft Heinz executive as CEO is presented as a key element of the change. Beyond confirming the new owner and CEO, the sources offer limited additional operational information, such as near-term strategy or production targets, in the excerpts provided. Overall, the coverage focuses on the ownership transfer to Palm Ventures and the concurrent leadership change at AeroFarms.
