The African Continental Free Trade Area (AfCFTA) is dismantling tariff barriers to boost intra-African trade by over 50% by 2030.
ABP has secured the stake through the purchase of Benoni Holding Corporation, which previously held an interest in the processor.
These climatic shocks, combined with disappointing market prices from the previous year, have left many growers in a precarious financial position.
Products were distributed to retailers and distributors in Florida and Texas.
Tomazoni will become vice chairman and senior adviser after eight years leading the company.