SACRAMENTO, PA - Few words spark up the ANUK team’s attention like the term “acquisition.” The latest transaction driving growth for our industry comes from Sterman Masser, a partner member of Fresh Solutions Network. Sterman Masser Potato Farms has acquired the Upper Dauphin Grain Center in Pennsylvania, renamed Lykens Valley Grain (LVG), and announced the formation of the Lykens Valley Grain Company.
"This acquisition is important to the process of growing better potatoes and reducing our carbon footprint, which is fundamental to the philosophy of the Fresh Solutions Network of independent, family-owned farms," stated Kathleen Triou, President and Chief Executive Officer of Fresh Solutions Network. "Masser Potato Farms is investing in sustainable farming practices, regenerative farming, and strategic growth opportunities which will ultimately enable us to efficiently deliver the highest quality potato products to our retailers and their customers."
As noted in a press release, Sterman Masser will use the facility to store all the grain it grows and harvests, in addition to local farmers' wheat, corn, and contracted soybeans.
The facility already has a few future upgrades planned, including a significant increase in storage capacity for corn and beans, facility security, and increased staffing and hours of operation.
"The addition of Lykens Valley Grain (LVG) to our family of companies is part of our long-term vision and commitment to the growth and development of quality potatoes,” said Sterman Masser President Dave Masser. “The acquisition helped to preserve jobs in the local community, continue to be a place for the valley's local farmers to sell and store their wheat, corn, and beans, and provided a great business opportunity for Sterman Masser Inc. which will eventually enable us to expand our potato packing operations in Sacramento.”
Following this acquisition, all former Perdue Agribusiness employees at the facility have been hired by Sterman Masser to assist with grain center operations.
To read more comments from Sterman Masser’s team on the benefits of this acquisition, click here.
AndNowUKnow will keep a close watch to find out what else is in store for this newly formed operation, so be on the lookout for our next newsletter.
