Ridgemont Equity Partners Recapitalizes Worldwide Produce
Ridgemont Equity Partners, a middle market private equity investor, today announced the recapitalization of Worldwide P …
Month: January 2023
U.S. Fruit and Vegetable Industries Try To Cope With Rising Labor Costs
To produce fruits and vegetables in the United States, a human touch is required to sort, pot, and plant seedlings, train young plants and prune older ones, and harvest and pack the crops for shipping. That means hired labor is a critical component of the fruit and vegetable sectors. Labor’s share of the cost of production can run as high as 38 percent for fruit and tree nut farms and 29 percent for vegetables and melons. …
Freshfel Europe Exchange on Sustainable and Reliable Logistics Infrastructure for Fresh Produce
Global logistics is expected to turn a corner in 2023 with the increased availability of containers and ships and some easing of the bottlenecks and delays that have been prominent during the past years. For the fresh produce sector however, there is still a need for the optimisation of transport networks. On 18 January, Freshfel Europe organized a webinar on the topic of logistics in Europe and beyond. …
Santa Monica Seafood to Expand to U.S. East Coast
Santa Monica Seafood is proud to announce it has executed a 26,000 SF lease for a facility near Baltimore, Maryland that will be the third location for its skin-pack operations. Construction will start in early February and operations should commence in Q3 of this year. …
NOAA Follows Fishery Council, Rejects Emergency Action to Bar Fishing in Crab Protection Area
The National Oceanic and Atmospheric Administration has rejected a petition from crab fishers to bar all commercial fishing for six months in an area of the Bering Sea designated as a special protective zone for red king crab, which have suffered a population crash. …
