PAB Produce posts PACA surety bond

PAB Produce Inc., Los Angeles, has posted a surety bond with the U.S. Department of Agriculture to employ Jose Del Toro Jr.

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(Photo courtesy Unsplashed; graphic by Brooke Park.)

PAB Produce Inc., Los Angeles, has posted a surety bond with the U.S. Department of Agriculture to employ Jose Del Toro Jr.

Del Toro was an officer and stockholder of Unified Ltd., doing business as Pan American Banana, which was sanctioned in Oct. 2018 under the Perishable Agricultural Commodities Act. As a principal of the company, he was barred from the industry unless the USDA approved a surety bond Del Toro posted.

The USDA will hold the $150,000 bond for almost five years, according to a news release.

The surety bond provides “assurance to the industry the firm will be able to pay for produce purchased and to conduct its business according to the PACA rules,” according to the news release.

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