December 5,2018-
Publicly traded Vegalab, Inc. (OTCQB: VEGL) has purchased a major fruit package facility in Lindsay, the Suntreat plant with 260,000sf of space as of November 15. Already in operation the new owner is packing citrus and employing around 50. The company has been on the grow in the Valley recently purchasing a facility in Merced and one in Visalia, the M&G Packing plant in October
Headquartered in Florida before coming to California this year the company has been in operation in Nevada.
David Selakovic, CEO of Vegalab, said, “With the current capacity at our existing Vegalab Produce facility unable to meet the demand from our domestic and international buyers for premium quality, and premium priced citrus, management has been systematically evaluating packing facilities to add to our portfolio. The Lindsay, California facility is major acquisition in an ideal location. Being in California’s San Joaquin Valley citrus belt, where Vegalab recently acquired the Merced Tuttle Cross Dock and Warehouse, the property is centrally positioned in one of the best fruit growing ecosystems in the United States. While touring the plant, we recognized how well-designed it is to seamlessly combine highly efficient fruit processing with the ability to rapidly ship product to our domestic and international customers. We intend to continue to build out our infrastructure and integrate our properties while efficiently increasing the Company’s annual sales.”
Vegalab, Inc. is the exclusive distributor in North and South America of a line of all-natural, biologically derived pesticides, fertilizers, and specialty agricultural products. Vegalab’s pesticides are highly effective against targeted organisms, non-toxic to beneficial organisms, and safe for the environment.The Company operates in two segments of the food industry. The Agronomy Business involves the manufacture and distribution of all-natural crop protection, crop health, and soil enhancement products; the Packing Business involves the operation of citrus packing facilities.