SANTA PAULA, Calif.--(BUSINESS WIRE)--Apr. 10, 2018--
Limoneira Company (the “Company” or “Limoneira”) (Nasdaq:LMNR), a
leading global agribusiness with prime agricultural land and operations,
real estate and water rights in California, Arizona and Chile
today announced the formation of Grupo Argentino, a cooperative
arrangement between the Company and leading Argentinian Citrus Growers
and Packers.
Grupo Argentino will complement U.S. supplies of lemons during the
Northern hemisphere’s summer months with consistent supply from
Argentina. In addition to Limoneira, F.G.F. Trapani S.A., Padilla Citrus
S.A. and EarlyCrop S.A. are part of the network.
“Our One World of Citrus Model™ is reaping dividends for us, and Grupo
Argentino is just the latest piece to the puzzle,” said Alex Teague,
Limoneira Chief Operating Officer. “It takes time to find companies with
like-minded philosophies and missions. Each of the Members of Grupo
Argentino share Limoneira’s dedication to providing uninterrupted supply
and the highest quality citrus and service.”
“For more than 60 years, three generations of our family have produced
and sold fresh lemons,” said Ricardo Trapani, F.G.F Trapani Chief
Executive Officer. “We have developed a reputation for quality and have
demonstrated consistent growth. We export globally and are dedicated to
sustainability, having received Global GAP, SEDEX and BRC FOOD
designations. The One World of Citrus is a logical distribution model
for our company.”
Pablo Jose Padilla, Chief Executive Officer of Padilla said, “We produce
high quality citrus for Argentina’s consumption and for export to world
markets. By controlling every part of our process, we ensure product
quality to its final destination. All members of Grupo Argentino share
this same approach and that’s why it makes sense for us to work together
and utilize economies of scale.”
“EarlyCrop was formed with the aim of meeting demand during the northern
hemisphere counter-season,” explained Fernando Seoane, EarlyCrop
Director. “Coupled with state of the art technology, it has enabled
significant growth in many markets throughout the world and this
relationship builds on that in North America. It’s a win-win situation.”
About Limoneira Company
Limoneira Company, a 125-year-old international agribusiness
headquartered in Santa Paula, California, has grown to become one of the
premier integrated agribusinesses in the world. Limoneira (pronounced lē
mon΄âra) is a dedicated sustainability company with 11,200 acres of rich
agricultural lands, real estate properties, and water rights
in California, Arizona and Chile. The Company is a leading producer of
lemons, avocados, oranges, specialty citrus and other crops that are
enjoyed throughout the world. For more about Limoneira Company, visit www.limoneira.com.
About FGF Trapani S.A.
F.G.F TRAPANI S.A. is synonymous with both lemon and family. For more
than 60 years, three generations have been engaged in producing,
marketing and selling fresh lemons and on a smaller scale, other citrus.
The Company grows on over 3,200 acres and has a reputation for an
excellent quality. It has grown yearly both nationally and
internationally. For more information please visit Trapani.
About Padilla Citrus
Padilla owns 7600 acres of land in different geographical areas of
Argentina which provide a constant and growing production of lemons for
export and domestic consumption. Approximately 70% of the irrigation
controlled electronically. Seedlings for Company fields come from
certified nurseries of the Padilla farm, which ensures a well-developed
tree from inception. For more information please visit Padilla
Citrus.
About EarlyCrop
EarlyCrop began production and marketing of fresh and frozen blueberries
which has positioned them as one of the leading companies in the scope
of Argentina’s earliest crop. Supplying demand during the northern
hemisphere counter-season; together with state-of-the-art technology has
enabled the Company to grow significantly in recent years. Lemons and
blueberries, are both “super fruits”, and complementary both in
production and harvesting. Lemon production is located in Tucuman. For
more information please visit EarlyCrop.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180410005527/en/
Source: Limoneira Company
Investor:
ICR
John Mills, 646-277-1254
Managing Partner
or
Media:
Limoneira
Company
John Chamberlain, 805-708-0364
Director of Marketing
