For the past two and a half years Graceland Fruit has been operating the cranberry infusion and drying plant in Warrens, Wisconsin via our Wisconsin subsidiary. After four months of intense negotiations to strike a mutually beneficial agreement between CranGrow (the original owner of the facility), CoBank (their primary lender), and Graceland Fruit Wisconsin, Inc., we were unable to reach an agreement. This decision required Graceland to cease operations at the Warrens Plant effective Thursday, June 18, 2020, and return the facilities to CranGrow after a brief transition period.
The Graceland Team was well prepared for this potential situation and has made all the necessary plans to meet the needs of our customers in both the short and long term. We currently have open capacity in the Michigan facility, and plan on making additional investments in order to further increase capacity there. No longer having the Wisconsin plant allows us to redouble the efforts of our talented team and bring their creativity and innovation together to fully utilize the assets within our company to their fullest potential. Graceland has a singular focus on using our creativity and innovative capabilities to meet the needs of our customers, which is what allows us to do the very best we can for our suppliers, employees, customers, and shareholders.