Hales buy back control of River Point Farms

09/10/2013 10:10:00 AM
Andy Nelson

river point logoBob and Rick Hale have bought back control of onion grower-shipper River Point Farms.

The Hales have partnered with Salinas, Calif.-based Taylor Farms and CIC Partners on the deal for controlling interest in Hermiston, Ore.-based River Point Farms, according to a River Point news release.

The Hales are also the owners of Echo, Ore.-based Hale Farms.

“Rick and I are elated about this transaction for River Point Farms, which empowers us to make business decisions to reinvest quickly in new opportunities and react to market conditions and customer requests,” Bob Hale, River Point’s president and chief executive officer, said in the release.

Under the new ownership structure, River Point plans to expand its retail business, including joint projects with Taylor Farms and Brooks, Ore.-based Curry and Co.



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