River Point Farms announces the creation of new onion firm
River Point Farms announces the creation of new onion firm
River Point Farms and CIC Partners have created a large, new onion company.
The merger of American Onion Inc. and Rivergate Farms LLC created the new River Point Farms, with a major interest purchased by Dallas-based CIC Partners, a mid-market private equity firm. This transaction places River Point Farms among America's larger growers and processors of yellow, red and sweet onions, expected to produce over 400 million pounds of onions this year.
The merger of American Onion Inc. and Rivergate Farms LLC created the new River Point Farms, with a major interest purchased by Dallas-based CIC Partners, a mid-market private equity firm. This transaction places River Point Farms among America's larger growers and processors of yellow, red and sweet onions, expected to produce over 400 million pounds of onions this year.