Depressed market led to new direction for Tanimura & Antle Inc.
Depressed market led to new direction for Tanimura & Antle Inc.
SALINAS, CA -- By the end of May, the largest U.S. lettuce shipper will have cut 40 percent of its top management positions, closed its Mexican growing operation, ceased growing and selling lettuce destined for conventional fresh-cut processing, and greatly reduced its asparagus shipping program. Rick Antle, president and chairman of the board of Tanimura & Antle Inc., based here, said that five years of depressed prices is the main reason for the surprising moves. "We know this is a cyclical business," he said, "but the troughs are continuing to expand and good times are not lasting nearly as