Life is Wonderful over at Stewart and Lynda Resnick's eclectic empire, The Wonderful Company (formerly Roll Global). Its holdings include POM Wonderful, the hip and trendy pomegranate juice with its distinctive bulbous bottle, as well as upscale water bottler FIJI Water. A bit more mundane but no less important to its bottom line are the company's other holdings. Teleflora is the largest flower-delivery service in the world. Wonderful Pistachios & Almonds has become one of the world's largest growers and suppliers of almonds and pistachios. The company's Wonderful Citrus subsidiary is a top US producer of fresh lemons and oranges.
The company has offices in the US states (Arkansas, California, Oklahoma, Oregon, and Texas) and Australia, Belgium, Brazil, Canada, China (including Hong Kong), India, Korea, Mexico, Spain, and the UK (England and Wales).
The Wonderful Company is an international supplier of pomegranate juice, FIJI-brand water, almonds and pistachios, and lemons and oranges. It also owns the world's largest flower-delivery service.
The company's Wonderful Pistachios & Almonds unit harvests more than 70,000 acres of pistachio and almond trees annually, selling products under the Wonderful, Almond Accents, and Everybody's Nuts brands. Wonderful Pistachios & Almonds also offers private-label nut products. Wonderful Citrus, the company behind Cuties-brand mandarin oranges, boasts more than 47,000 acres of navel and Valencia orange, lemon, Minneola, and Clementine mandarin orange trees. Its Delano, California, citrus processing plant is one of North America's largest orange and lemon packing operations.
Also on Wonderful's roster is FIJI Water, which is sourced from an artesian aquifer on the island of Fiji and distributed internationally.
Justin Vineyard & Winery, based in Paso Robles, California, supplements its FIJI Water business. The water operation shares its global sales force with the wine business as it taps Justin's wine-making expertise. The move, which comes as Wonderful has been faced with increased taxes from the military-led government in Fiji, signals that it is looking to diversify its FIJI Water subsidiary.
Mergers and Acquisitions
The Wonderful Company continues to upgrade its stable of businesses and brands and move into to new niches through the uses of acquisitions. In 2016 Wonderful Citrus acquired I. Kunik Company, a major distributor of Persian limes grown in Mexico, and B&S Grupo Exportador, a major supplier of Persian limes to the worldwide market. As part of the transaction, Wonderful Citrus also acquired nearly 2,000 acres of Persian lime orchards in Mexico, making it the largest lime grower in the country when combined with its existing lime acreage.
In 2015 the company expanded its operations on the West Coast through the purchase of Mercier California, the US operations of the Mercier Group, one of the worldwide leaders in the grapevine nursery industry. The operations are located in California’s North Coast, and the deal specifically fortified the operations of Vintage Nurseries, its producer of grafted grapevine rootstock for the wine grape, table grape, and raisin markets.