California-based Grimmway Farms, one of the world’s largest growers and processors of carrots, is being bought by an investment firm from Indiana. “We are pleased to announce a signed sales agreement with Teays River Investments, LLC based in Zionsville, Indiana,” a source with Grimmway said. The investor has a long and respected history in agriculture and will support Grimmway’s skilled management team as they continue to successfully meet demand for fresh produce. “We are pleased to select Teays, a steward that embraces Grimmway’s core values, the continuity of its existing management team, as well as honor the skills of our thousands of team members across the country,” the spokesperson continued.
It is believed that Grimmway will benefit greatly from Teays’ expertise to help grow the business sustainably while still respecting the legacy and ensuring the core values of the company continue to benefit the employees, customers, and communities.
The agreement is expected to close later this year, at which time more details will be made available.
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