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August 19, 2014
08:03 EDTLMNRLimoneira invests $1.75M in Chilean packing house
Limoneira announced today that it has made an investment in Rosales, a citrus packing, marketing and sales operation in La Serena, Chile. With its location in a coastal region of northern Chile, La Serena is a major citrus and avocado growing area of the country. Rosales, which primarily packs and sells lemons, currently sells its produce into Asian, European, and Chilean markets. Going forward, Limoneira will handle Rosales’ lemon sales to Asian markets. Through its wholly owned Chilean subsidiary, Limoneira Chile, Limoneira invested $1.75M for a 35% interest in the business. Limoneira will earn equity income from its investment as well as 50c per carton on lemon sales to Asian markets, which combined is estimated at $200K- $300K per year.
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November 20, 2014
08:33 EDTLMNRLimoneira names Gordon Kimball as chairman
Limoneira Company announced at its November 18th board meeting that Gordon Kimball has been elected as Board Chairman. Kimball has served as a director of the company since 1995 and is a member of the Limoneira’s audit committee.
November 11, 2014
10:24 EDTLMNRLimoneira initiated with a Buy at Lake Street
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