Teays Rivers Investments to Acquire Grimmway Farms
According to media reports, the Indiana-based Teays River Investments has agreed to purchase Grimmway Farms in Bakersfield, California.
With its background in agriculture and an expectation that Grimmway and Teays will both benefit from the acquisition; the firm expects to help Grimmway grow its business sustainably while staying true to its core values.
Media officials mentioned Grimmway is pleased to select Teays as its new owner due to the knowledgeable background and expertise in the industry. Teays has expressed that the firm is dedicated to bringing stakeholders to improve agricultural value chains and create more efficient systems that use natural resources responsibly.