Hronis acquired in Chapter 11 auction, expects 'business as usual' in 2026
Hronis acquired in Chapter 11 auction, expects 'business as usual' in 2026
Hronis Inc., one of California's leading table grape producers, announced the successful completion of its Chapter 11 auction. The successful bidder was the company's current senior lender, Conterra Ag Capital, and the transaction was approved by the court and is expected to close by mid-July, subject to customary closing conditions.
Conterra, an Iowa-based direct lending fund focused exclusively on the agriculture sector, provided the working capital support for the 2026 growing season and recently expanded Hronis' working capital facility from $22 million to $54 million. The expanded financing will support harvest operations as the transaction progresses toward closing.
Hronis said until then and continuing after the transaction closes, it is and will be business as usual. Day-to-day operations remain unchanged as does the company’s commitment to serving its customers for the 2026 season — a commitment that has been steadfast for more than 80 years.
Harvest is already under way across Hronis' vineyards, and this year's harvest follows one of the earliest starts to the California table grape season in history, creating additional promotional opportunities for retailers and the possibility of an extended selling season.
Both Conterra and the Hronis said they look forward to delivering a successful 2026 season that is just the beginning of a new era of growth for the business.
Paladin Management Group is serving as chief restructuring officer to Hronis Inc. and continues advising the company through the Chapter 11 process.