Wheatsheaf buys climate tech company to reduce food waste
Wheatsheaf Group, the investment arm of the Grosvenor family office, has acquired a 90% stake in Purfresh—a provider of specialised climate control technology designed to reduce food waste during shipping.
It is estimated as many as one out of 15 containers, some worth up to $500,000, are rejected when they arrive at their destination due to spoilage, according to Purfresh.