This page contains a Flash digital edition of a book.
Property sales playing a key role in co-op overhaul

Proceeds expected to exceed costs of facility improvements as consolidation continues.

By Judie Steeves A

lthough none of themoney has yet flowed into the coffers of the B.C. Tree Fruits Co-operative,

there are severalmulti-million-dollar deals in theworks for sale of properties owned by the co-op—more than enough to pay for themulti-million- dollar facility upgrades completed this summer, says Alan Tyabji. And, onOct. 1, the co-operativewill

implement a reorganization thatwill put in place all the changes the new chief executive officer has beenworking on since hewas appointed to the position last fall by a newly-elected board of directors. “Therewill bemore internal changes

before that time,” Tyabji said. A newstrategic plan for the co-opwill

focus on consolidation of the tree fruit packing and storage operations in the north and the south of the valley,with marketing continuing to operate from offices in themiddle, he said. Consolidation is occurring in other

ways aswell,withGrowers’ Supply now operated directly by the co-op aswell, in a bid to achieve some efficiencies, he said. For instance, the PentictonGrowers’

Supply property has been listed for sale and instead it operates out of space leased fromthe co-op at the old packinghouse,where that incomewill staywithin the industry-owned co-op, he explained. The end of thismonth is the closing

date for sale of the co-op’s Clement Avenue property inKelowna—seven acreswhere the direct retail sales storefront is located, aswell as storage. Tyabjiwould not reveal the sale price,

but said it’s a “very large amount of money. Itwould pay for 90 percent of the capital improvements completed

Alan Tyabji

this year.” Since it’s a private sale, real estate

feeswould be saved, he said. The funds fromthat deal are

scheduled to be paid to the co-op at the end ofOctober. Instead of the $40million future

upgrading discussed two years ago by the co-op, Tyabji says he has achieved the samewith less than $10million, by renovating instead of building from scratch. Renovationworkwas done on both

theWinfield plant and inOliver,where the cherry packing linewas updated. In Winfield, $7.5million, including a $2.7 million grant fromthe


Unused waterfront facility is one of several Naramata-area parcels placed on the block by the B.C. Tree Fruits Co-operative.

8 British Columbia FRUIT GROWER • Fall 2013

Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32