Sacramento-based Blue Diamond Growers surpassed $1 billion in a record sales year that concluded Aug. 31.
Mark Jansen, Blue Diamond's president and CEO, will formally announce surpassing the $1 billion threshold later today at the cooperative's 102nd annual members meeting in Modesto.
The cooperative's chief executive predicted last year that Blue Diamond would become a $1 billion-a-year business within the next two to three years. As it turned out, it happened in just one year.
In 2011, Blue Diamond reported sales of $825 million.
In Sacramento, what would become Blue Diamond opened a small hulling and shelling plant on C Street in 1914. That grew to what is now touted as the largest nut-processing plant in the world, covering 90 acres.
Blue Diamond also operates a smaller processing plant in Salida and several receiving stations that gather nuts for shipping to the processing plants.
In Modesto this week, Blue Diamond also is celebrating a new chapter.
Having purchased 88 acres in Turlock in fall 2011, Blue Diamond is working on the first phase of a new manufacturing plant at North Washington and Fulkerth roads. Media representatives toured the construction site on Tuesday.
Phase One is scheduled to be completed in May 2013, with about 200,000 square feet for manufacturing and delivering almond products worldwide.
The three-phase project eventually will top out at 500,000 square feet over the next 15 years.
Blue Diamond Growers is owned by 3,000-plus growers. California grows more than 80 percent of the global supply of almonds.
© Copyright The Sacramento Bee. All rights reserved.
Read more articles by Mark Glover
What You Should Know About Comments on Sacbee.com
Sacbee.com is happy to provide a forum for reader interaction, discussion, feedback and reaction to our stories. However, we reserve the right to delete inappropriate comments or ban users who can't play nice. (See our full terms of service here.)
Here are some rules of the road:
Keep your comments civil. Don't insult one another or the subjects of our articles. If you think a comment violates our guidelines click the "Report Abuse" link to notify the moderators. Responding to the comment will only encourage bad behavior.
Don't use profanities, vulgarities or hate speech. This is a general interest news site. Sometimes, there are children present. Don't say anything in a way you wouldn't want your own child to hear.
Do not attack other users; focus your comments on issues, not individuals.
Stay on topic. Only post comments relevant to the article at hand.
Do not copy and paste outside material into the comment box.
Don't repeat the same comment over and over. We heard you the first time.
Do not use the commenting system for advertising. That's spam and it isn't allowed.
Don't use all capital letters. That's akin to yelling and not appreciated by the audience.
Don't flag other users' comments just because you don't agree with their point of view. Please only flag comments that violate these guidelines.
You should also know that The Sacramento Bee does not screen comments before they are posted. You are more likely to see inappropriate comments before our staff does, so we ask that you click the "Report Abuse" link to submit those comments for moderator review. You also may notify us via email at email@example.com. Note the headline on which the comment is made and tell us the profile name of the user who made the comment. Remember, comment moderation is subjective. You may find some material objectionable that we won't and vice versa.
If you submit a comment, the user name of your account will appear along with it. Users cannot remove their own comments once they have submitted them.