Appeeling Fruit Inc. of Centre Township has been sold. The producer of sliced apples was sold to Peterson Farms Inc. of Shelby, Michigan for $2 million. The deal was settled in December and includes the business and real estate, said Appeeling Fruit founder Steve Cygan.
Cygan, who served as Appeeling Fruit's president and CEO, said there were a number of reasons he decided to sell: "Essentially, the opportunity was something we couldn't overlook. Retirement, succession, transition, at my age, were starting to enter into the picture as well."
Cygan said the sale had nothing to do with how business has been. In fact, he said, 2018 was the company's best year ever. Cygan and his wife and business partner, Beth Ann, who was the company's vice president, founded Appeeling Fruit in 1991 to provide sliced apples for bakeries. They began selling packaged sliced apples in 1998.
In 2009, Appeeling Fruit moved from its original factory in Blandon to a 23,000-square-foot facility in Dauberville. In addition to sliced apples, it also processes packaged sliced pears and seedless stemless grapes.
Cygan told readingeagle.com he is not sure what is going to happen to the company and referred questions about the future to Peterson Farms.