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.
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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.