Pineapple revival – Starbulletin.com

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Pineapple revival

A new, smaller company picks up where Maui Land & Pineapple Co. left off

By Rob Shikina

POSTED: 01:30 a.m. HST, Jan 03, 2010

About 65 workers arrived at dawn yesterday for the first day of work at a new though much smaller pineapple company that will allow fresh pineapple farming and packing to continue on Maui.

Haliimaile Pineapple Co. began operations yesterday on 1,000 acres of leased land with some equipment purchased from Maui Land & Pineapple Co.

All workers were former employees of Maui Pineapple, which shut down last week after 97 years in operation. The company laid off about 285 employees and transferred 130 to partner companies.

Yesterday, workers picked more than 41 tons of pineapples in five hours.

"This morning was a real chicken-skin moment," said Rudy Balala, Haliimaile vice president, who worked at Maui Land & Pineapple for more than 30 years. He began talking with Darren Strand, a former Maui Pineapple operating director, about running their own operation a year ago.

"Our thing is trying to run as lean as possible and have everybody involved in the operations," Balala said. "We want everybody to be cross-trained."

Because volume is much lower than Maui Pineapple’s, the company needs a small crew that can do everything, he said.

Some workers who haven’t picked pineapple for more than 10 years were picking pineapple yesterday, Balala said.

"Everybody wants this company to succeed and they’re really showing it, especially on the first day," he said.

Tomorrow, all employees will go to Kahului to train and pack pineapples.

"There were a lot of smiles, a lot of happy people," said Doug Schenk, a shareholder in the new company. "A lot of people raring to go."

Maui-grown pineapple lives on! New company to continue growing Maui Gold brand. | Hawaii® Magazine

by: Derek Paiva

Fresh, whole Maui-grown pineapple will not be a relic of Hawaii’s past after all.

The World knows that Maui produces the BEST Pineapple!
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A consortium of Maui-based investors on Thursday announced the formation of Haliimaile Pineapple Co. Ltd., a new company that would immediately continue farming and harvesting the sweet and juicy fruit on 1,000 acres of Maui Land & Pineapple Company, Inc. land.

Haliimaile is slated to begin operations today.

On Nov. 3, Maui Land & Pineapple announced that it would shut down all operations at its Maui Pineapple Co. subsidiary at the end of 2009 after 97 years of growing the signature Hawaii fruit on the island. The largest grower of pineapple left in Hawaii, Maui Pineapple Co. sold fresh whole pineapple in stores and online under its Maui Gold brand. Maui Pineapple’s last harvest was completed on Dec. 23.

Hawaii execs step in to keep Maui Gold pineapple growing | The Honolulu Advertiser

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By Alan Yonan Jr. Advertiser Staff Writer

A group of former Maui Pineapple Co. executives have teamed up with the owner of Ulupalakua Ranch to take over some of the pineapple operations of Maui Land & Pineapple Co.

Pineapple is BACK!
YES, YES, YES!
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ML&P had announced in November that it would close its pineapple division after nearly 100 years of plantation-scale farming on the Valley Isle. The company last week harvested its final pineapple crop.

The new company, Haliimaile Pineapple Co., will continue to grow and market fresh pineapple under the established Maui Gold Brand, although on a smaller scale. The company said yesterday it will hire back 65 former Maui Pineapple Co. workers and farm about 1,000 of the 3,000 acres that were previously cultivated.

"We’re thrilled to be doing this," said Doug Schenk, former Maui Pineapple Co. president and member of the new management team.

"Maui Gold pineapple is a variety that no one else has. We knew that there was huge demand for it," said Schenk, who left Maui Pineapple in 2001.

Haliimaile has purchased and licensed key assets, and leased farm land, equipment and buildings from ML&P.

The other principals in the new company are Pardee Erdman, owner of Ulupalakua Ranch; former vice presidents of Maui Pineapple Doug MacCluer and Ed Chenchin; and the current operating directors for Maui Pineapple, Darren Strand and Rudy Balala.

Erdman will be the majority owner. The group brings more than 150 years of combined expertise in growing and packing premium pineapple on Maui, the company said.

"We are proud to continue the 100-year legacy of pineapple on Maui," said Strand, president and CEO of the new company.

"Haliimaile Pineapple Co. brings new hope for a new year by immediately saving 65 agricultural jobs with an expectation of adding more in the future."

New pineapple company to rise from ashes of Maui Land subsidiary – Starbulletin.com

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New pineapple company to rise from ashes of Maui Land subsidiary

By Star-Bulletin staff

POSTED: 01:32 p.m. HST, Dec 31, 2009

Pride in Island!
Pineapple on Maui FOREVER!
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A group of Valley Isle residents plans to start operating a new pineapple company tomorrow to serve whole fruit customers of Maui Land & Pineapple Co.

The last pay day for Maui Land’s subsidiary Maui Pineapple Co. Ltd. was today.

The new business Haliimaile Pineapple Co. has purchased some of Maui Land’s pineapple equipment and leased 1,000 acres with an option of leasing more land, said Doug Schenk, one of the investors.

Schenk, an investor and a former president of Maui Pineapple Co., said the new company will be employing about 68 people, including about 60 who formerly worked at Maui Land and were ILWU members.

A group of Valley Isle residents plans to start operating a new pineapple company tomorrow to serve whole fruit customers of Maui Land & Pineapple Co.

The last pay day for Maui Land’s subsidiary Maui Pineapple Co. Ltd. was today.

The new business Haliimaile Pineapple Co. has purchased some of Maui Land’s pineapple equipment and leased 1,000 acres with an option of leasing more land, said Doug Schenk, one of the investors.

Schenk, an investor and a former president of Maui Pineapple Co., said the new company will be employing about 68 people, including about 60 who formerly worked at Maui Land and were ILWU members.

New pineapple company to rise from ashes of Maui Land subsidiary – Starbulletin.com

New company to take over pineapple operations – The Maui News

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New company to take over pineapple operations

Pineapple is BACK!
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POSTED: December 31, 2009

The newly formed Haliimaile Pineapple Co. Ltd. announced today it would immediately take over 1,000 acres and related facilities from Maui Pineapple Co., under an agreement signed Thursday with Maui Land & Pineapple Co.

The new company’s first day of work will be Saturday, when employees will start picking Maui Gold fruit, said Doug Schenk, one of the six local partners in the venture.

Maui Pine’s last harvest was Dec. 23. The company had announced it was leaving the business earlier this year after recording continuous, large losses.

The owners and directors of the new venture are Pardee Erdman, owner of Ulupalakua Ranch; Schenk, Doug MacCluer and Ed Chenchin, all retired Maui Pine managers; and two men who were operating directors of Maui Pine until it closed, Strand and Rudy Balala.

Haliimaile Pine has licensed and purchased assets notably the Maui Gold patented variety and leased land, equipment and buildings from Maui Pine.

Haliimaile Pine will do its own marketing, targeting local retailers, hotels and restaurants.

Audit: Maui Land & Pineapple’s future uncertain – Yahoo! Finance

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Audit: Maui Land & Pineapple future uncertain as liabilities exceed assets by $60 million

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On Wednesday December 30, 2009, 5:14 pm EST

WAILUKU, Hawaii (AP) — Maui Land & Pineapple Co. says its auditors have found the company’s liabilities exceed its assets by more than $60 million, raising doubts about its ability to survive.

The property developer, one of Maui’s biggest landowners, said in a report filed this week with the Securities and Exchange Commission that it’s counting on being able to sell some of its real estate to raise cash and meet its financial obligations. But the weak real estate market may thwart those plans.

The uncertainty about real estate sales "raises substantial doubt about the company’s ability to continue as a going concern," the report said.

Maui Land provided the report on Deloitte & Touche’s audit to the SEC Monday, the same day it submitted a registration statement announcing plans to sell more stock to current shareholders.

The auditors found the company’s future was jeopardized by its financial losses, weak cash reserves, an inability to meet certain financial obligations and an overall balance sheet showing the company’s liabilities exceeded its assets.

Maui Land has had to write off all the money it initially invested in the Ritz-Carlton Club and Residences at Kapalua Bay, a luxury condo and hotel development that’s suffered from higher-than-expected default rates and lower revenue forecasts for future sales.