- Limoneira Company LMNR has signed a Memorandum of Understanding with Wileman Bros. & Elliott Inc. to join hands to sell their combined citrus volumes under the One World of Citrus Alliance. The financial terms of the deal were not disclosed.
- Wileman Bros is a 95-year-old citrus business located in California's Central Valley.
- Limoneira's oranges and specialty citrus, including grapefruit, and pummelos, will be packed and shipped by Wileman Bros. & Elliott Inc.
- The sales representatives from both companies will be responsible for the entire combined citrus portfolio from all growing regions, including imports.
- Price Action: LMNR shares are trading higher by 2.03% at $15.6 on the last check Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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