In a recent development within the agricultural sector, a joint venture comprising Sun Pacific and Moonlight Companies has acquired one of the last remnants of the Prima Wawona enterprise, which ceased operations amid bankruptcy proceedings. The partnership secured the Reed Avenue packing house in Sanger, with another facility in Kerman anticipated to finalize purchase within a fortnight. These acquisitions were part of Prima Wawona's assets, a company that had to shut down in March, leading to over 5,000 layoffs and the forced sale of over 13,000 acres of prime agricultural land in Fresno and Tulare counties.
Sun Pacific and Moonlight Companies, entities with a longstanding presence in the tree fruit sector, have also procured approximately 5,000 acres of the erstwhile Prima Wawona land for $91 million, as documented in court filings.
The focus remains on integrating former Prima and Gerawan employees into their workforce. Sun Pacific and Moonlight Companies are recognized for their diverse fruit offerings, including the Cuties brand mandarins, kiwi, grapes, and lemons, among others. The acquisition of the Prima Wawona packing houses addresses previous concerns regarding the adequacy of packing facilities to handle the region's fruit production, crucial for sustaining the U.S.'s prominent position in peach, plum, and nectarine supply and global export.
Source: ca.news.yahoo.com