David Webster sells interest in AgraCo to founding partner
by Tad Thompson | September 28, 2009
David Webster, chief executive officer of AgraCo Technologies International LLC, sold his interest in AgraCo late last month to Ken Potter, who was an AgraCo founding partner when Mr. Webster started AgraCo in 2001.
AgraCo has been based in Mr. Webster's office in the Philadelphia suburb of Lafayette Hill, PA.
[Mr. Potter] "is a good man, and I am very happy that the company is in good hands," Mr. Webster told The Produce News Sept. 21.
Mr. Webster said that Mr. Potter had owned the Martin's Potato Chip Co. outside York, PA. "He built the company up to about $20 million in sales and sold it to his sons several years ago. Ken just wanted to be more involved in AgraCo and move the company headquarters closer to his area. I will stay on for a while and handle international sales."
Mr. Webster was president and CEO of Agway CPG Technologies, based in Syracuse, NY, when he joined Mr. Potter and other partners to create AgraCo after buying the Extend-a-Life ethylene removal business from Agway. AgraCo added several other technologies to its offerings over time.
Mr. Webster has been in the fresh fruit and vegetable industry for over 30 years. During this time, he has held key positions with Agway, Coronet Foods, the Orval Kent Food Co. and Dole Fresh Marketing. He is also a past member of the board of directors of the United Fresh Produce Association and served on the Foodservice board of the Produce Marketing Association.
"I have loved working in the area of agricultural technologies while running AgraCo, but I do miss the fresh side of the business," Mr. Webster said. "Because of my international travels, I have many contacts overseas. [I plan to] find a company in the United States or abroad looking to do more in the area of export or import of fresh fruits and vegetables."