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By Staff Report / Tuesday, August 19th, 2014 / Agribusiness, East Ventura County, Top Stories, Tri-County Economy / Comments Off on Limoneira buys stake in Chilean citrus packing operation
Limoneira Co. has purchased a 35 percent stake in a Chilean citrus business for $1.75 million. Santa Paula-based Limoneira said Tuesday that it had made the investment in Rosales, a citrus packing, marketing and sales operation based in La Serena, Chile. The operation is located in the coastal region of northern Chile, which is a Read More →
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By Staff Report / Friday, July 18th, 2014 / Agribusiness, Banking & Finance, Banking Industry, Latest news, Top Stories / Comments Off on Santa Clara Valley Bank to be sold in $15.3M deal
Santa Paula-based Santa Clara Valley Bank is being acquired by Sierra Bancorp for $15.3 million in an all-cash deal announced July 17. The Ventura County bank operates branches in Fillmore, Santa Paula and Valencia. With assets of about $127 million, the bank is the second-smallest bank headquartered in the Tri-Counties.
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By Austen Hufford / Friday, June 13th, 2014 / Banking & Finance, East Ventura County, Small Business, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies, West Ventura County / Comments Off on Ventura startup hopes to bring meals to your door
FreshRealm is betting millions of dollars on a revolutionary concept: A backend service for businesses that enables customers to get fresh food sent directly to their homes. Combined with a reusable container that can be filled at a store and shipped via FedEx to the home, the service utilizes existing infrastructure and can scale quickly, its founders say.
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By Austen Hufford / Tuesday, June 10th, 2014 / Agribusiness, Banking & Finance, East Ventura County, Tri-County Economy, Tri-County Public Companies / Comments Off on Limoneira operating income jumps 35% on higher lemon prices
Santa Paula-based fruit grower Limoneira Co.’s second-quarter profits fell 16.7 percent to $2 million despite higher revenue and operating income. The earnings decrease was affected by Limoneira’s sale last year of 165,000 shares of Santa Paula-based Calavo Growers, a transaction that netted a $3.1 million gain in the second quarter of 2013. Limoneira’s earnings per Read More →
