USA: Grower-owners reject sale of Ocean Spray
Grower-owners of the Ocean Spray cranberry cooperative have rejected a resolution, at the company's 70th annual meeting in San Diego, calling on the company's board of directors to explore a possible sale. A handful of the 900 growers in the cooperative have consistently lobbied the management of the Massachusetts.-based Ocean Spray to consider selling the brand in response to increased competition from industry giants, Coca-Cola and PepsiCo. Other growers voted 2-to-1 to reject the resolution.
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