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.
Conterra Ag Capital Wins Auction for California Grape Giant Hronis
With the 2026 harvest already underway in Delano, Hronis, Inc. has secured its future after a successful Chapter 11 auction. The veteran table grape producer, which has operated for over 80 years, will now transition to ownership under its senior lender, Iowa-based Conterra Ag Capital, following court approval.
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.
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