Village Farms Director Retires as the Company Completes Maxim Power Acquisition
DELTA, BC – Heinz Wehner, a member of Village Farms Board of Directors, is retiring. He has served in this role since 1998 and is a member of the Audit Committee and the Compensation Committee.
Before this role, Mr. Wehner served in several management positions with Chemagro Corporation and Mobay Corporation, both subsidiaries of Bayer A.G. in Germany, according to Wehner’s company profile. Prior to Village Farms, his most recent position was President of the Agricultural, Animal Health and Consumer Products Division of Bayer Corporation.
In a press release, Village Farms thanked Mr. Wehner for his guidance and contributions to the development and growth of Village Farms over the past 18 years.
In another new development for Village Farms, the company has closed its previously announced $5.2 million acquisition of Maxim Power, a wholly-owned subsidiary of Maxim Power Corp., according to a press release.
The new name of the acquired company will be VF Clean Energy, Inc., and the facility will continue generating power under a long term preexisting agreement with BC Hydro. Its focus will be to improve the sustainability profile of Village Farm’s greenhouse operations.
Good luck on the retirement, Mr. Wehner, and congrats Village Farm on the completion of your acquisition!