Apr 29, 2024Grimmway Farms to acquire San Miguel Produce
Grimmway Farms, Bakersfield, California, has entered into an agreement to purchase the assets of San Miguel Produce Inc., Oxnard, California.
This acquisition marks a significant milestone in Grimmway’s strategic expansion efforts and underscores its commitment to delivering innovative product offerings to its customers, according to a news release.
Additionally, this will support Grimmway’s desire to proactively combat food loss and waste in the field, ensuring maximum utilization of the crop by providing post-harvest options not currently accessible to the company. With complementary strengths and shared values, this acquisition sets the stage for accelerated growth and enhanced presence in the value-added convenience vegetable market.
“This acquisition gives us the ability to leverage our combined strengths to seize new opportunities in the fresh-cut vegetable market, drive innovation and further our mission to bring fresh, healthy and safe produce to communities around the world,” Jeff Huckaby, Grimmway Farms president and CEO, said in the release. “We are well positioned to build on our many successes of 2023 and meet the ever-growing consumer demand in the industry.”
Grimmway Farms plans to offer employment to the existing employees and will continue producing San Miguel’s portfolio of products at its current facility in Oxnard. This acquisition will be conducted with careful consideration to ensure a seamless transition for customers and employees alike, according to the release.