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Inventure Group acquiresRader Farms operation

Published Monday, May 21, 2007

The Inventure Group Inc has acquired virtually all of the assets of Rader Farms Inc for about $21 million in cash. Lynden WA-based Rader Farms grows, processes, and markets frozen blueberries, raspberries, berry blends, and other fruit products. This transaction gives Inventure access to a specialty food category with a company that in 2006 had around $27 million in net revenue. Rader Farms likely will benefit from Inventure’s frozen food operations know-how, client relationships, and management and board experience. Brad Rader, general manager of Rader Farms, said, "This is a major step forward for ...

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