Paramount Citrus to Acquire Citrus Assets of Grimmway Farms


Sponsored Message
Learn More

Mon. July 22nd, 2013

<p>Paramount Citrus is set to acquire the citrus assets of Grimmway Farms. The deal, slated to close by the end of the month, will increase Paramount Citrus' navel packed acreage by 45 percent, California lemon fresh carton volume by 43 percent.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"><hr class="invisible minimal-padding">Paramount Citrus will gain control of Grimmway Farms' citrus packing equipment and outside grower programs - effectively adding nearly 7,000 acres of navel and Valencia oranges and lemons grown in each of the major citrus producing regions in California, including the San Joaquin Valley, Ventura County, and the California Desert.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"><hr class="invisible minimal-padding">"Grimmway Farms has developed a strong citrus grower program of farmers who, like our two companies, are committed to the highest quality growing practices,” said David Krause, President of Paramount Citrus. "This additional volume and share of market in crops we already represent will allow us to service our current and new customers in an even better way." </p><hr class="legacyRuler"><hr class="invisible minimal-padding"><hr class="invisible minimal-padding"><p>"This acquisition provides for us a great opportunity to transition out of the citrus business while ensuring a solid future for the farmers in our outside grower program,” said Jeff Huckaby, executive vice president of Grimmway Farms, “and allows us to focus even more of our efforts into our core business, the consistently growing carrot and organic vegetable market.” </p><hr class="legacyRuler"><hr class="invisible minimal-padding"><hr class="invisible minimal-padding"><p>Members from the Grimmway Farms Grower Representative team will join the Paramount Citrus family in order to ensure a smooth transition for growers as they move from Grimmway Farms over to Paramount Citrus. </p><hr class="legacyRuler"><hr class="invisible minimal-padding"><hr class="invisible minimal-padding"><p><a class="btn btn-sm btn-primary col-lg-12" style="white-space: normal;" href="http://www.paramountcitrus.com/" target="_new">Paramount Citrus</a></p><hr class="legacyRuler"><hr class="invisible minimal-padding"><hr class="invisible minimal-padding">