Rouge River Farms, a grower agent serving wholesale and retail markets, has signed a definitive agreement to acquire Florida-based True North Farms, according to a news release.
Financial terms of the transaction were not disclosed.
Through its 10,000 acres of farmland in Florida, Georgia, Virginia and Ontario and its packinghouses in Florida, Virginia and Ontario, Rouge River Farms provides farm fresh sweet corn year-round, says the company’s website.
“Rouge River Farms is committed to investing in growth that benefits our stakeholder ecosystem and improves the quality of life for consumers, customers, suppliers and employees, and we believe True North Farms is a perfect fit,” said Rouge River Farms President Robert Reesor.
Founded in 1987 by brothers Richard and Robert Reesor, Rouge River Farms has grown steadily to become a leading industry player, while focusing on quality and service, the release said. In addition to providing retailer-branded products, Rouge River Farms markets under the Rouge River Farms and Roy Boy labels.
“Rouge River Farms is a well-established leader in our industry and we’re excited to join the Rouge River Farms team,” said Jason Wyatt, founder and CEO of True North Farms. “We believe they are the perfect partner to join as we share common values and a passion for exceeding customer expectations.”
The transaction is expected to close in the third quarter of 2024.
