
Joint VentureApr 15, 2026, 04:26 PM
Limoneira Forms Joint Venture for Organics Recycling Facility
AI Summary
Limoneira Company has entered into a joint venture with California Wood Recycling, Inc. (dba Agromin) to form Agromin-Limoneira LLC. This new entity will design, construct, and operate an organics recycling facility on Limoneira's land in Ventura County. Both companies will hold a 50% membership interest in NewCo, with the facility anticipated to be operational by the second half of fiscal year 2027.
Key Highlights
- Limoneira Company and Agromin formed Agromin-Limoneira LLC.
- NewCo is a 50/50 joint venture for an organics recycling facility.
- Facility will be located on Limoneira land in Ventura County.
- Expected to be operational by the second half of fiscal year 2027.