SANTA PAULA, CA - Limoneira recently announced that it has closed an asset purchase to acquire a packinghouse and related assets of Oxnard Lemon Associates, Ltd. The facility consists of 13 acres located less than a mile from the Port of Hueneme and with packing capacity of 4,000,000 cartons per year.
“We are very excited about Oxnard Lemon joining the Limoneira family,” stated Harold Edwards, President and CEO of Limoneira. “Oxnard Lemon has built a sterling reputation within the lemon industry and is at the forefront of the organic and specialty citrus movement in California. By combining our two facilities under the Limoneira platform, we will create significant efficiencies that will position us for continued sustainable long-term growth while delivering on our promise of superior grower returns and customer service through our One World of Citrus™ initiative. Our pipeline of potential acquisitions remains robust and we will continue to seek value-enhancing transactions for our shareholders.”
According to a press release, the company’s greater volume, along with its expanding international operations, continues to support its ability to service an international marketplace. Oxnard Lemon’s adjacency to Limoneira’s headquarters also creates additional packing efficiency for the combined enterprises, while nearly doubling its storage capacity.
“This exciting milestone will allow growers to leverage Limoneira’s growing global footprint in the fresh citrus industry and mazimize their returns,” said Amy Fukutome, Principal Partner in Oxnard Lemon. “We look forward to a bright future together.”
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