Wheatsheaf Group expands into North America

29th January 2018

Wheatsheaf Group expands into North America

Wheatsheaf Group, the food and agriculture operator and investor holding of the Grosvenor Estate has expanded its global capabilities by establishing a new operation in Minneapolis, Minnesota, to help develop its existing North American businesses and better explore new potential investment opportunities.

Led by Sylvio Petto Neto, Managing Director for North America, Wheatsheaf’s U.S. focus will seek to encourage greater synergies across the Group’s existing North American portfolio. 

Established by the Grosvenor Estate in 2012 with the ambition of building a business of significance to diversify the estate’s activities beyond property and land, Wheatsheaf has to date assessed more than 850 opportunities in the food and agriculture sector and invested in 21. Working in partnership with its companies, through the activities of over 2,500 people in 34 countries and the development of innovative technologies, the company aims to contribute enduring solutions to improve efficiency in the production of healthy and nutritious food.

Graham Ramsbottom, Chief Executive of Wheatsheaf Group said: “I believe that Wheatsheaf brings a different perspective to the North American market. We are a relatively new business that has achieved significant global scale quickly but in a way which shares in the values of the Grosvenor Estate – which traces its roots back almost 1,000 years – namely a far-sighted investment approach, one which aims to create value over the long-term, judging success by a measure which looks to the next generation."

Sylvio Petto Neto, Managing Director for North America, added: “In the food and agriculture sectors many of the challenges brought about by new global patterns of food consumption, coupled with a growing global population, will require long-term solutions to ensure that future demands are met and that the sustainability of food production and natural resources is assured.

“We have ambitious growth plans and believe that North America’s food and agriculture sectors’ rich opportunities and strong reputation for innovative technologies are an ideal place in which to realise them.”  

“Minneapolis is an ideal location for us, both geographically and because it is a burgeoning centre that is home to many leading businesses within the food and agriculture industry,” he concluded.

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