Benzinga | Sep 22, 2021 10:52AM EDT

Limoneira Enters JV With Wileman Bros. & Elliott For Combined Citrus Offerings

* Limoneira Company (NASDAQ:LMNR) has signed a Memorandum of Understanding with Wileman Bros. & Elliott Inc. to join hands to sell their combined citrus volumes under the One World of Citrus Alliance. The financial terms of the deal were not disclosed.

* Wileman Bros is a 95-year-old citrus business located in California's Central Valley.

* Limoneira's oranges and specialty citrus, including grapefruit, and pummelos, will be packed and shipped by Wileman Bros. & Elliott Inc.

* The sales representatives from both companies will be responsible for the entire combined citrus portfolio from all growing regions, including imports.

* Price Action: LMNR shares are trading higher by 2.03% at $15.6 on the last check Wednesday.