Rouge River Farms announced the signing of a definitive agreement to acquire True North Farms, a grower agent serving wholesale and retail markets.
Financial terms of the private transaction were not disclosed.
Fresh produce plays an important role in our society and as the market continues to grow, Rouge River Farms aspires to lead the market and increase accessibility and availability of a broad range of high quality, healthy products. Founded in 1987 by brothers, Richard and Robert Reesor, Rouge River Farms has grown steadily to become a leading industry player, while focusing on quality and service. "We are committed to investing in growth that benefits our stakeholder ecosystem and improves the quality of life for consumers, customers, suppliers and employees, and we believe True North Farms is a perfect fit" said Rouge River President Robert Reesor.
Jason Wyatt, Founder and CEO of True North Farms shared that "Rouge River Farms is a well-established leader in our industry, and we're excited to join the Rouge River Farms team. We believe they are the perfect partner to join as we share common values and a passion for exceeding customer expectations"
The transaction is expected to close in Q3, 2024.
Contact:
Rob Reesor
Rouge River Farms
[email protected]
www.rougeriverfarms.com