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Waimea, Hawaii, December 23, 2022 /PRNewswire/ — Waimea Butcher and parker ranch, Inc. today announced that it has signed a term sheet to complete the strategic alliance. Under the terms of the partnership, parker ranch, Inc. will become an equity owner of Waimea Butcher Shop’s existing business and a strategic capital partner for future growth opportunities. moreover, Mills Stovall The Waimea Butcher Shop’s day-to-day operations will continue to operate as manager and majority owner. The deal is expected to close in early 2023.
This alliance parker ranch Strategic investment priorities Waimea, local agroecosystems and sustainability. Mills Stovall shares these values. parker ranchMills’ vision is to operate a sustainable, locally grown business that offers only products from the Big Island of Hawaii. The plan for the new partnership is to continue offering beef from various ranch brands based on the principle of an “open” architecture for ranches to develop brands and make them accessible to retail customers.
One of the major consumer trends in recent years has been a keen interest in knowing where food originates, where it comes from, and how producers produce it. There is also a deep-rooted movement toward “local production for local consumption,” in which local food is purchased instead of imported goods. The Waimea Butcher Shop caters to discerning customers who want to know that the products they buy and feed their families have honesty, authenticity and authentic stories.
according to Mills Stovall“We want to provide market access to ranches that meet our specifications for quality and consistency. As our goal is to provide fresh beef 52 weeks a year, we You need a steady supply from ranches that have demonstrated the ability to manage their resources, consistently producing high quality products throughout the year. parker ranch An ideal partner for securing a year-round supply, supporting an open architecture strategy to offer beef from many different producers, and balancing the interests of the ranching community through open access to achieve harmony. Secure. ”
Dutch Kuiper President and CEO parker ranch, Inc. added: “Mills is willing to take the risk of starting a new business venture and meets our definition of a like-minded entrepreneur. He is passionate about his business, which he started seven years ago. , his customers who love his products and services. He has assembled a strong team of talented professionals who know their business and are passionate about sourcing quality local products. We are excited about the prospect of working with Mills and look forward to supporting his business. We want to make local beef available all year round.”
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parker ranch one of the largest and oldest ranches in usa. parker ranchInc. is owned by the Parker Ranch Foundation Trust, whose beneficiaries are four non-profit organizations. parker school and Hawaii Community Foundation. For more information, please visit www.parkerranch.com or www.prft.org.
About Waimea Butcher Shop
Waimea Butcher Shop is a 2016 animal-only butcher and deli located in the Kamuela Business Center. Mills Stovall Over 20 years of cooking experience. Waimea Butcher Shop sources all its meats from local producers on the Big Island. The Waimea Butcher Shop has worked with hundreds of local businesses, including ranchers, farmers, restaurants and chefs, to support the local economy and showcase quality local products. For more information, please visit www.waimeabutchershop.com.
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