Limoneira Acquires California-Based Oxnard Lemon Packing House.

M2 EQUITYBITES-July 27, 2018-Limoneira Acquires California-Based Oxnard Lemon Packing House

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27 July 2018 - California, US-based agribusiness Limoneira Company (NASDAQ: LMNR) has closed an asset purchase agreement to acquire a packing house and related assets of California-based lemon packing company Oxnard Lemon Associates, Ltd., the company said.

Terms of the transaction were not disclosed.

This transaction increases Limoneira's share of packing and marketing third party grower fruit from California facilities. The company's greater volume, along with its expanding international operations, continues to support the company's One World of Citrus programme servicing an increasing global marketplace.

Limoneira company is a diversified citrus packing, sales and marketing company with related agribusiness activities and real estate development operations. Limoneira is a dedicated sustainability company with 14,500 acres of rich agricultural lands, real estate properties, and water rights in California, Arizona and Chile.

The company is a leading producer of lemons, avocados, oranges, specialty citrus and other crops that are enjoyed throughout the world.

Oxnard Lemon Associates, Ltd. dba Oxnard Lemon Company is one of the leading full-line lemon packing companies in the United States, including a line of organic and specialty citrus.

The Oxnard Lemon facility consists of a packinghouse and related equipment on 13 acres strategically located less than a mile from the port of Hueneme and with packing capacity of 4m cartons per year.

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