Gerawan Farming and Wawona Packing announced Wednesday, September 25, that the farming giants have completed a merger.
CEO Dan Gerawan, who is also the largest individual shareholder, will helm the combined company. Brent Smittcamp, current executive chairman of Cutler-based Wawona, “will also remain a significant shareholder and continue to be highly involved with the combined company,” according to a news release.
Paine Schwartz, an existing investor in Wawona, is partnering with both companies to facilitate the transaction, the financial terms of which were not disclosed.
Both companies are third-generation family businesses. Fresno-based Gerawan is a stone fruit farming and packing operation marketed under the Prima brand. Wawona also supplies stone fruit and is a leader in the organic segment of the market, according to the news release.
“At Gerawan, innovating on a large scale to grow, pack and ship the world’s best fruit has been key to our success, and those efforts have always hinged on investing in our employees,” Gerawan said in a statement. “These same values underpin Wawona’s success. This merger is an exciting next step to unlock the full potential of both companies.”
Full Content: The Sun
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Judge Mehta Questions Both Sides in Landmark Google Antitrust Case
May 2, 2024 by
CPI
FCC Urges Urgent Funding for Removal of Chinese Telecom Equipment from U.S. Networks
May 2, 2024 by
CPI
Former Pioneer CEO Facing Potential Criminal Charges For Colluding With OPEC
May 2, 2024 by
CPI
South Korea’s Antitrust Regulator Greenlights K-Pop Powerhouse Deal
May 2, 2024 by
CPI
Exxon’s Pioneer Purchase Approved, Former CEO Barred from Board
May 2, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI