Renewable Resources Group acquires Sun World International
Sun World delivers fruits and vegetables as well as marketing, licensing and research and development operations.
Renewable Resources Group, Inc. (RRG), a Los Angeles-based asset management firm, purchased Sun World International, LLC, a Bakersfield, Calif.-based fresh produce company, from Black Diamond Capital Management, LLC, Greenwich, Conn.
"Sun World is an extraordinarily valuable company with a strong and experienced management team and first-class employees who deliver famously delicious fruits and vegetables and industry-leading marketing, licensing and research and development operations," says Ari Swiller, president, RRG. "It's a company we've watched and respected for a long time."
"Sun World has been an important portfolio company for Black Diamond, and we are proud to have worked with Dave Dever, the Sun World president and CEO, and his team,” adds Christopher Parker, senior managing director of Black Diamond and outgoing chairman of the board for Sun World. “We are very proud of what we have all accomplished together, and we are pleased that this acquisition provides Sun World with the opportunity to continue to thrive and build for the future."
"For the past eight years, Sun World has benefited enormously from its relationship with Black Diamond,” says Dever. “Black Diamond has worked with us to stabilize, grow and cement our place as a leader in the industry. As we continue to grow the company and focus on delivering superior products and services to our customers, a partnership with RRG is exciting. This new partnership will allow Sun World to continue to strengthen and grow alongside its customers."