Major Stone Fruit Grower Prima Wawona Files Bankruptcy

Prima Wawona, one of the nation’s largest growers of peaches, plums and other stone fruits, filed bankruptcy with a plan to sell the business or hand control of the company to lenders.

Fresno, California-based Prima Wawona and its affiliates filed Chapter 11 on Friday listing assets of between $500 million and $1 billion and as much as $10 billion in liabilities. The company listed McKinsey & Co. as its largest unsecured creditor, saying it owes the consulting firm more than $8 million.

The bankruptcy filing comes after private equity firm Paine Schwartz Partners announced in 2019 it would help ...