International expansion for lemon and avocado

International expansion for US avocado and lemon grower

According to Ventura County Star, the Santa Paula-based Limoneira Co. is focused on global expansion after becoming a publicly traded company in May.Limoneira, now listed on the NASDAQ, sells lemons, avocados, oranges and some specialty crops to retailers, wholesalers and the food service industry. It's a leading national agribusiness, the largest grower of avocados in the United States and one of the largest lemon growers.

It plans to grow from 2 million to 10 million cartons of lemons a year over 10 years. The U.S. lemon market is a $500 million a year opportunity, but globally it's a $2 billion opportunity. There is opportunity for expansion in the avocado market, too.

As part of a commitment to global expansion, Limoneira has invested heavily in high production standards, food safety and full traceability. 

The company's other assets include residential and commercial real estate and excess solar energy.