Founding Member Limoneira to Rejoin Sunkist Growers
Rhea-AI Summary
Positive
- Strategic partnership that expands market access and optimizes citrus supply chain
- Limoneira maintains operational independence while leveraging Sunkist's marketing capabilities
- Consolidation of sales and marketing operations could lead to improved efficiency and cost savings
Negative
- None.
News Market Reaction
On the day this news was published, LMNR gained 2.35%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
"This is more than a return—it's a powerful alignment of shared history, values, and vision," said Jim Phillips, President and CEO of Sunkist Growers. "Together, we're transforming our collective capabilities into greater value for our growers, packers, and customers."
Under the new agreement, Limoneira will continue to operate as an independent business entity. However, all of Limoneira's fresh citrus sales and marketing responsibilities—primarily focused on lemons—will transition to Sunkist at the start of the new citrus season.
"We have long respected Sunkist's leadership and legacy in the citrus industry," said Harold Edwards, President and CEO of Limoneira. "Now is the right time to rejoin. Both organizations have evolved, adapted, and strengthened—and we're excited to build on that momentum to create lasting value for our growers and customers."
This reconnection is expected to drive expanded market access, optimize citrus supply, and strengthen the cooperative's ability to meet evolving customer and grower needs.
Both companies are looking forward to strengthening Sunkist's market position and expanding our reach through this renewed momentum and are committed to ensuring a seamless transition and continued service excellence heading into the new season.
About Limoneira: (Nasdaq: LMNR), a 132-year-old international agribusiness headquartered in
About Sunkist: Sunkist Growers, Inc. is a citrus marketing cooperative, founded in 1893, which is owned and operated by more than 1,000 growers made up of family farmers growing citrus in
All Rights Reserved. Sunkist is a registered trademark of Sunkist Growers, Inc.,
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SOURCE Sunkist Growers, Inc.
FAQ
When will Limoneira (LMNR) rejoin Sunkist Growers?
What will happen to Limoneira's operations after joining Sunkist?
How will the Sunkist-Limoneira partnership affect their market position?
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