Paramount Citrus Acquires Healds Valley Farms
Delano, CA
Paramount Citrus has acquired Healds Valley Farms. Healds Valley Farms is a Texas-based citrus company that represents nearly 50% of that state’s citrus market and will add to Paramount, which is already the largest grower of fresh citrus in North America.
“This acquisition was appealing to us for several reasons,” said President of Paramount Citrus David Krause. “Healds Valley is a good operation run by good people; adding the resources of Healds Valley to our existing Paramount operations strengthens our company greatly and will make us a better partner to existing and future growers and customers across the nation.” The acquisition will allow PCA to deliver unparalleled value and variety to customers throughout the U.S.
PCA, will now add HVF’s red grapefruit to its fruit portfolio. The addition of HVF’s grapefruit, as well as its oranges and tangerines, grown on 4,400 owned acres and an additional 6,000 acres operated by third party growers, will offer substantial benefits to PCA customers, according to a press release. Healds Valley Farms will continue to be run under the same name maintain its workforce, including its management.
The only immediate personnel change at HVF will be the addition of current Vice President of Supply Chain for PCA, Rick Burnes, who will join HVF as General Manager replacing Yishai Yeshurun, who will be stepping down.
Paramount Citrus
