Conterra Ag Capital Wins Auction for California Grape Giant Hronis

Conterra has been instrumental in stabilizing the company’s finances, recently expanding the working capital facility from $22 million to $54 million. This infusion allows the firm to maintain its packing and shipping commitments throughout the current season without disruption. The transaction is expected to finalize by mid-July, marking a shift in control while leaving day-to-day agricultural operations untouched.

This year’s production cycle is particularly significant, as California’s table grape season began earlier than usual. The early start provides retailers with expanded promotional windows and a potentially longer selling period. Paladin Management Group continues to oversee the restructuring process as the company moves toward this new phase of ownership.