Sun World

Agriculture
1:09 pm
Mon August 12, 2013

Bakersfield Produce Grower Sun World International Sold to LA Group

Bakersfield-based produce grower and packer Sun World International has been acquired by Renewable Resources Group, a Los Angeles-based asset management firm.

Terms of the sale, which closed on August 9, were not disclosed. Sun World grows, packs and markets a variety of agricultural products ranging from grapes and stonefruit to vegetables. 

Sun World began operation in 1976, and had been owned since 2005 by Black Diamond Capital Management, a Connecticut-based investment firm. Black Diamond purchased Sun World assets at a bankruptcy auction for $127.8 million.

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