US Farms looks to divest produce arm
US Farms looks to divest produce arm
San Diego-based US Farms Inc., a diversified farming and nursery company, announced June 10 that it is in the process of divesting the non-performing parts of its produce brokerage segment, specifically the tomato, asparagus and garlic operations.
This restructuring will allow the company to focus on its long-term strategies of expanding its core aloe vera farming and nursery operations, as well as completing the intended acquisition of specific aloe vera manufacturing and bottling equipment, for which the company has a current letter of intent.
This restructuring will allow the company to focus on its long-term strategies of expanding its core aloe vera farming and nursery operations, as well as completing the intended acquisition of specific aloe vera manufacturing and bottling equipment, for which the company has a current letter of intent.