Grimmway Farms Finds a Buyer in Indiana

Bakersfield-based carrots giant Grimmway Farms said Wednesday it has reached an agreement to sell to an Indiana conglomerate that focuses on agricultural investments.

The buyer is Teays River Investments LLC, an assets-management firm founded in 2009 and headquartered in Zionsville.

Terms of the sale agreement were not disclosed, and Teays could not be reached for comment late afternoon Wednesday.

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