Sequel Holdings Acquires Ownership Interest in J&J Produce, Inc.
Jul. 16, 2012
J & J Produce, Inc. (Loxahatchee, Florida) announced today that it has entered into a strategic partnership with Sequel Holdings, L.P., a Dallas, Texas based private equity firm. J & J Produce, Inc., headquartered in Loxahatchee, Florida, is a leading grower, shipper and distributor of fresh produce. The investment in the company by Sequel Holdings, L.P., which specializes in the food and agribusiness industries, will provide growth capital for J & J Produce as it expands its scope of sales and marketing operations in North America.
Chris Erneston, President of J & J Produce, stated that “Our management team is excited about this new partnership with Sequel. We have dynamic plans for growth of the company into new markets by developing partnerships with additional growers in North and Central America and enhancing our sales and marketing force. This new partnership with Sequel will provide the capital to expand rapidly and allow us to take advantage of our competitive advantages in the marketplace.”
“We are very pleased to be able to support the Erneston family’s rich tradition and reputation in the produce industry,” said Lynn Rundle, Operating Partner at Sequel Holdings, L.P. “The management team has demonstrated their ability to provide their customers with consistent quality produce and service over many years and we are excited about backing them as they grow their business,” he added.