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Hale brothers regain control of River Point Farms

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Must Reads
Wednesday, September 11, 2013

Bob and Rick Hale led an investment group to regain control of Hermiston's River Point Farms, the largest onion producer in the U.S.

The family began Hale Farms in 1976. In 1982, they started American Onion. The Hales purchased a customer, Rivergate Farms, and sold controlling interest in the combined River Point Farms in 2007 to private equity firm CIC Partners, which remains an investor under the new structure.

“Even since 2007, the Hales have been closely involved in the operations at River Point,” said Bob Hale, president and CEO. He has served as River Point's president since 2007 and has been CEO for nine months.

Read more at Capital Press.

 

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