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Gerawan Farming Inc. and Wawona Packing Co. LLC have completed a merger.

Paine Schwartz, an investor in Wawona and sustainable food chain investing, is partnering with both companies to facilitate the transaction. The financial terms of the transaction were not disclosed.

Gerawan and Wawona are third-generation family businesses. Gerawan is a stone fruit industry pioneer in farming, packing practices and proprietary varieties marketed under the Prima brand.

Wawona is a California-based supplier of high-quality stone fruit and a leader in the organic segment of the market.

The merger builds upon the legacies and reputations of the two companies and creates an enhanced platform for growth and innovation. The combined business will be able to better serve its customers and create significant opportunities for employees.

The combined company will be led by Dan Gerawan, who will be the largest individual shareholder and CEO of the merged entity. Brent Smittcamp, current executive chairman of Wawona, will also remain a significant shareholder and continue to be highly involved with the combined company. The management team will be comprised of leaders from both companies.

“At Gerawan, innovating on a large scale to grow, pack and ship the world’s best fruit has been key to our success, and those efforts have always hinged on investing in our employees,” Gerawan said. “These same values underpin Wawona’s success. This merger is an exciting next step to unlock the full potential of both companies.”

Growth plans

Smittcamp, executive chairman of Wawona, said, “Over the last several years, we have focused on accelerating Wawona’s growth by building on the inherent strengths of our business and management team. Our acquisition last year of Burchell Nursery Inc. was one example, and now this historic merger with Gerawan takes it to yet another level. We are eager to bring the benefits of this merger to our employees, suppliers and customers.”

Kevin Schwartz, Chief Executive Officer of Paine Schwartz, said, “This merger represents a tremendous milestone and the type of growth opportunity that we can achieve by leveraging Paine Schwartz’s agribusiness sector expertise and close collaboration with family-owned businesses. We look forward to this new chapter for two companies that have been incredibly successful on their own, and we believe they can achieve even greater success through this merger. Dan’s experience and commitment are invaluable assets, and we look forward to supporting him in leading the combined company in this next stage of growth and value creation.”

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