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Article: Maui Land & Pineapple Company, Inc. Announces New Direction.
- Article from:
- Agriculture Week
- Article date:
- November 19, 2009
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Maui Land & Pineapple Company, Inc. (ML&P) (NYSE:MLP) announced structural changes in its two operating companies, Maui Pineapple Company, Ltd. (MPC) and Kapalua Land Company, Ltd. (KLC). This new direction aims to make ML&P more competitive while improving operating efficiencies and strongly positioning Kapalua Resort for future success.
ML&P announced that MPC will immediately stop planting pineapple and will cease pineapple operations by the end of the year. Throughout this transitional period, MPC will continue to provide its existing customers with fresh pineapple.
"Unfortunately, despite our exhaustive efforts to revitalize the pineapple business ...
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