Business & Real Estate

Sacramento-based Blue Diamond amasses record revenue of $1.5 billion for state’s almond crop

Sacramento-based Blue Diamond Growers, which will host its 104th annual meeting next Wednesday at the Sacramento Convention Center, amassed record annual revenue of $1.5 billion in 2014, up 25 percent from $1.2 billion the prior year.

It was the third consecutive year that revenue topped $1 billion for the fiscal year ending Aug. 31.

The cooperative said payments to almond growers will total $1.1 billion, also a record and a nearly 25 percent year-over-year improvement.

Blue Diamond said it will provide more details at next week’s annual meeting.

The company’s recent growth has been driven by a proliferation of new, almond-based products and an aggressive expansion of those products into international markets. In dollar terms, almonds are the state’s No. 1 agricultural export.

Agriculture industry analysts give much of the credit to Blue Diamond President and CEO Mark Jansen, who vowed to transform the cooperative into a “global branded food company” when he came aboard in October 2010.

Call The Bee’s Mark Glover, (916) 321-1184.