For updated June 1 coverage on this acquisition see "Combs Produce executives survive Lipman acquisition."
The May 31 deal is Lipman’s third acquisition in past six months and expands Lipman’s reach in Texas and the Southwest.
“The Southwest market is a key component of our growth plan,” Kent Shoemaker, Lipman chief executive officer, said in a news release. “Combs Produce was our first choice and simply the perfect fit. They are highly respected in the fresh produce industry and share our core values.
“We are confident their customers will benefit from our farming company,” Shoemaker said in the release. “We are pleased to welcome Brett Combs and his team to Lipman.”
Combs, who has served in leadership roles with the company founded by his grandfather since 1990, will be Lipman’s Dallas facility general manager as part of the deal.
Other details were unavailable May 31 because executives for both companies were unavailable for interviews.
“By becoming a part of Lipman, we will have ‘access to the acre.’ Our customers want to deal directly with farmers, and now we are part of a farming company,” Combs said in the release.