TORONTO, CANADA - One of the best parts of being a trade news writer is watching ambitious growth strategies such as this one unfold. Fortifying its presence in the industry, Rouge River Farms has unveiled it has acquired all assets and shares of Magnolia Packing.
“This is such an exciting opportunity,” said Rouge River Farms President Robert Reesor, who will assume the role of President of Magnolia. “Not only does the Magnolia green bean packing operation already complement our corn program at Rouge River, but this year we’ll be able to offer a year-round green bean program upon opening our new packinghouse in Virginia's Shenandoah Valley.”
Following the agreement, Magnolia will continue to operate with their current management and sales staff to ensure a smooth transition to the new ownership, a press release explained. Outgoing President Taylor Neighbors will remain a crucial part of the company, serving as a full-time advisor.
“With 5,000 acres of green beans planted, the new packinghouse will be an important asset. Combined with the reach of Rouge River and the many talents of their team, big things are on the horizon for Magnolia Packing,” said Neighbors.
Magnolia is based in Americus, Georgia, with operations in both Georgia and Florida, and is known across the industry for its high-quality green beans, the release noted.
AndNowUKnow will continue to report on the latest strategies and acquisitions in the industry, so keep a tab open for us.
