Growers Packing and Warehousing Association
| Business |
Warehousing |
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Growers Packing and Warehousing Association was the warehousing arm of the California Prune and Apricot Growers, set up as a public warehouse corporation. The Association allowed Sunsweet to prepare and box fruit, then warehouse it in the Growers Packing and Warehousing Association warehouses, and borrow money against the crop now stored in a bonded public warehouse. (The process of temporarily storing raw materials and finished goods and using it as collateral in loans is commonly referred to as "field warehousing". The San Jose News called them the "manufacturing branch of the California Prune and Apricot Growers"[1].
The initial announcement for Sunsweet's purchase of packing houses indicated that the new company would have the same board of directors, but would be responsible both for packing and warehousing[2][3].
References
- ↑ The Good Old Prune: June 24, 1927 San Jose Evening News.
- ↑ Prune and Apricot Association Completing Packing House Deals: 1918 California Fruit News
- ↑ California Prune and Apricot Growers, Inc., 1916 First Annual Report of the State Market Director of California to the Governor of California for the Year Ending December 1, 1916, Sacramento, 1916.