Dole plc sells off fresh vegetables division for $293M
In a continued effort to pay down its debt, Westlake Village-based Dole plc has sold off its fresh vegetables division to an affiliate of Fresh Express Inc., a wholly-owned subsidiary of Chiquita Holdings, for $293 million. The sale is expected to close within the next two quarters, pending approval, Dole said in a press release. Read More →
Jordano’s Foodservice expands Goleta footprint
Goleta-based Jordano’s Foodservice, a family-owned broad line foodservice distributor, announced Jan. 11 that the company has increased its cooler distribution center. With the additional 27,000 square feet of cooler space, Jordano’s will be adding — bringing its total to nearly 140,000 square feet — the company will be expanding its presence in the region for Read More →
Torrential rainfall brings drought relief to Central Coast
Update: As of Jan. 12, no county in California is designated as an extreme drought area while locations that were in severe drought are down from 71% to 46%. Another storm has come and gone along the Central Coast — though another could be approaching soon — and luckily it seems the area has largely Read More →
Calavo shares down, but company’s optimism remains high for 2023
Shares of Santa Paula-based Calavo Growers faced another steep drop during the trading day Dec. 21, one day after the company’s fourth quarter and full-year earnings announcement. The company limped through the finish line in the fourth quarter, with both revenue and net income falling well below analysts’ expectations. It’s why Calavo’s stock fell as Read More →
Farming First expands Central Coast’s booming cannabis presence
The Central Coast has the potential to be the premier place to grow cannabis, especially if the federal market ever comes into play — that is what Will Terry believes. A fifth-generation farmer, Terry founded a new operation, Farming First Holdings in 2019 and invested his time, money, and effort into building a robust setup. Read More →
Apeel laying off 96 in second round of the year
Goleta-based Apeel Sciences will lay off a large portion of its workforce, mainly in the Santa Barbara County area, in its second major round of layoffs this year, the company has disclosed. Apeel will lay off a total of 96 employees from its Goleta office, according to a company filing with the state of California. Read More →
VCCCD seeking new campus space on Limoneira land
By Madeleine Benn Staff Writer The Ventura County Community College District has been quietly exploring launching a satellite campus in the Santa Clara River Valley, the Business Times has learned. “We’ve been actively working with the community college for over a decade to find land to help them develop a campus in Santa Paula,” Harold Read More →
