Richgrove, CA – Vincent B. Zaninovich & Sons, Inc.(“VBZ”), an 80 year-old, family owned and operated, diversified agribusiness based in Richgrove, California, has divested certain of its table grape vineyards and related assets. The divestiture consisted of three separate transactions with the largest asset sale completed to The Wonderful Company LLC (“Wonderful”), one of the largest farmland owners in California. FocalPoint Partners, LLC (“FocalPoint”) served as the exclusive financial advisor to VBZ and assisted in the negotiations with the buyers. Financial terms of the transactions were not disclosed.
Geoff Bland, Chairman of VBZ, commented, “These transactions have allowed the family to diversify their holdings and reinvest in new areas of growth, and as such, are important milestones for VBZ and our family. FocalPoint efficiently navigated a complex process and provided valuable support to the Company. We are appreciative for all of FocalPoint’s efforts and expert advice.”
Robert Woolway, Managing Director of FocalPoint, said, “This engagement was complicated as we effectively executed three separate sale processes. We are proud of the outcome we achieved for our client and pleased to announce these additional successful closings for FocalPoint’s dedicated Food and Agriculture practice.”
About The Wonderful Company
Founded in 1979 in Los Angeles, California, Wonderful is a privately held company committed to offering high-quality, healthy brands and helping consumers make better choices every day. The company grows, harvests, bottles, packages, and markets a diverse range of healthy products, including fruits, nuts, flowers, water, wines, and juices. For more information on Wonderful, please visit www.wonderful.com.
About FocalPoint Partners
FocalPoint is an independent investment bank specializing in mergers and acquisitions, private placements, financial restructurings, and special situation transactions. With offices in Los Angeles, Chicago, New York, and Shanghai, the firm serves middle-market clients throughout the U.S. and has a dedicated Food and Agriculture practice. For more information, please visit www.focalpointllc.com and follow us on LinkedIn and Twitter.