Manulife Investment Management makes almond-farmland investment

Manulife Investment Management has announced a minority partnership with Parreira Almond Holding Co. (PAHC), a family-owned almond hulling, shelling, processing, and marketing company, on behalf of its clients.

The minority investment will position PAHC and its wholly owned subsidiaries, RPAC, LLC (RPAC) and Parreira Almond Processing Company, LLC (PPAC), for future growth as well as continue to provide a consistent volume of high-quality California-grown and U.S.-grown almonds through both investments in the existing operations and from further acquisitions.

“We are thrilled to partner with the Parreira family, who has been in the almond processing business, a farmland-plus investment, for more than 50 years. They understand the complexities of agriculture and take a long-term view to growing, processing and marketing almonds,” said Oliver Williams, global head of agricultural investments, Manulife Investment Management. “We also believe this investment will bri