Almond Ace Packing Completes Purchase of Processing Plant Real Estate; Announces Plan to Expand and Upgrade Facility
Summary
This growth led Almond Ace to initiate negotiations to purchase the underlying real estate at its Ripon processing plant in the fall of 2014.“We are expanding our production volumes and wanted to lock in additional room for expansion,” said Anthony Mello, CEO of Almond Ace Packing Inc. “We’re pleased to now have the ability to double our facility’s overall footprint and upgrade our current processing plant, equipment, and infrastructure.” Mello cited the tremendous support of Almond Ace’s shareholders, expanding customer base, dedicated & hard working employees, and current almond and walnut growers as the key impetus behind the expansion strategy.“We have worked very hard to target the top 10% of payout for our growers and to expand our customer base to high spec buyers willing to pay a premium in the marketplace,” stated Mello.With a careful eye on future expansion and upgrading its current processing facility, Almond Ace also negotiated purchase rights on the adjacent parcel which would increase the company’s current campus by 100%.“We are expanding our production volumes and wanted to lock in additional room for expansion,” said Anthony Mello, CEO of Almond Ace Packing Inc. “We’re pleased to now have the ability to double our facility’s overall footprint and upgrade our current processing plant, equipment, and infrastructure.”Mello cited the tremendous support of Almond Ace’s shareholders, expanding customer base, dedicated & hard working employees, and current almond and walnut growers as the key impetus behind the expansion strategy.“We have worked very hard to target the top 10% of payout for our growers and to expand our customer base to high spec buyers willing to pay a premium in the marketplace,” stated Mello.