Dec 2, 2020
Grimmway source says new owner a ‘responsible steward’
Large scale organic vegetable grower Grimmway has a new owner, and a source in the company has good things to say about the change.
A source with the company, who asked not to be named before the sale is officially rolled out, spoke to Organic Grower briefly about the transition.
“Grimmway Farms is pleased to announce a signed sales agreement with Teays River Investments LLC,” according to the source at the company. “Teays is based in Zionsville, Indiana, and is a respected agriculture investment firm. Teays will be supporting Grimmway’s existing skilled management team as they continue to successfully meet customer demand. Grimmway is pleased to select Teays as they are a responsible steward that embraces Grimmway’s values, the continuity of its management team and honors the skills of its thousands of team members across the country.”
The source added that the agreement is expected to close at the end of this year, at which time more details will be made available.
Grimmway Farms, featured on the cover of Organic Grower’s fall issue, traces its roots to a produce stand opened by the Grimm brothers in the early 1960s.
Today it is a global produce leader and the world’s largest producer of carrots, supplying more than 65 organic, USA-grown crops and brands.
Grimmway Farms recently donated $5M to the California Polytechnic State University’s College of Agriculture, Food and Environmental Sciences to launch the Center for Organic Production and Research on campus, as well as build the Grimmway Farms/Cal-Organic Soil Health and Sustainability Laboratories to provide research and teaching opportunities in topics related to healthy soils, water and air.