Wonderful Citrus Acquires Texas Citrus Exchange Juice Company
DELANO, CALIFORNIA & MISSION, TEXAS - Wonderful Citrus is growing its business, having just announced that it has acquired Texas Citrus Exchange (TCX), based in Mission, TX.
“The operations of TCX are a perfect complement to our citrus business,” David Krause, President of Wonderful Citrus, said in a press release. “The addition of the team from TCX expands our already robust operations in Texas.”
All of TCX’s current employees, one hundred total, are expected to join the Wonderful Citrus team upon closure of the deal, according to the company. John Glenn, former Chief Operating Officer of Sun Orchard, Inc., will join the TCX management team as Vice President, with the rest of the current team remaining in place.
Wonderful Citrus is one of America’s largest fresh citrus integrated growers, as well as shipper and packer, while TCX is one of the largest citrus juice processors in Texas. Though the company did state that TCX will now be a new division of Wonderful Citrus under the name Rio Grande Juice Company, it did not list an estimate of when the deal would be closed.
AndNowUKnow will continue to keep you up to date on expansions and acquisitions across the industry.
