Gazelle Fund LP has invested US$ 1,100,000 in NUTSGE the leading locally-owned processor and exporter of hazelnuts in Georgia. The hazelnut industry is a strategically important agribusiness sector for Georgia, as the country is the fourth largest producer of hazelnuts in the world. This investment positions NUTSGE to further deepen its export capacity to Europe, Asia and Africa, enhance the development of its supply chain with 100s of local farmers and further build-out is local workforce.

The NUTSGE processing plant is located in Samegrelo, in one of the historically productive regions of hazelnut plantations in Georgia, with the highest rate of harvest (almost half of the whole country’s harvest) and where there is the highest concentration of endemic varietals, including Anakliuri, Ucha, Nemsa and Kharistvala. NUTSGE is also actively sourcing in the Kakheti region, which enhances diversification of its supply chain.

The company is FSSC 22000 certified (global food safety standard) and is one of the most sophisticated hazelnut processors in the country with modern technology and highly automated production facilities. The company produces a full range of hazelnut products of premium Quality: Natural Hazelnut Kernels, Roasted Blanched Kernels, Roasted Chopped Hazelnuts, Hazelnut Meal and Paste and has been a reliable supplier for many famous international confectionery companies, always meeting their quality requirements.

source: 1TV