Ontario, Canada-based Rouge River Farms has announced it has acquired all assets and shares of Americus, Ga.-based Magnolia Packing.
The deal was finalized on June 1, according to a news release.
Magnolia Packing is a green bean grower and packer with operations in Florida and Georgia, according to the release.
Following the agreement, with Rouge River Farms, Magnolia will continue to operate with their current management and sales staff to ensure a smooth transition to the new ownership, according to the release.
Outgoing President Taylor Neighbors will remain a vital part of the company as a full-time advisor, according to the release.
“This is such an exciting opportunity”, Rouge River Farms president Robert Reesor said in the release. Reesor will assume the role of president of Magnolia, according to the release.
“Not only does the Magnolia green bean packing operation already complement our corn program at Rouge River, but this year we’ll be able to offer a year-round green bean program upon opening our new packinghouse in Virginia’s Shenandoah Valley”.
“With 5,000 acres of green beans planted, the new packinghouse will be an important new asset,” outgoing president Neighbors said in the release. “Combined with the reach of Rouge River and the
many talents of their team, big things are on the horizon for Magnolia Packing.”
