Maui Land & Pineapple Company, Inc. announced a strategic evaluation of its water source and transmission assets.
A subcommittee of the Company's board of directors was formed to explore options for potential sale or lease of these assets.
The review and marketing of certain assets for sale began in early 2025.
Critical Water Assets
Ownership of essential water assets in Maui, with systems in Upcountry Maui and West Maui, serving both community and irrigation needs.
Subcommittee Formation
Creation of a subcommittee chaired by Ken Ota, an independent director with 30+ years of experience in water, wastewater, and irrigation systems.
Business Acceleration
Possible sale of water-related assets intended to support housing creation and other priority business efforts.
- The potential sale or lease of water assets could impact water security and community development on Maui.
- Maui Land & Pineapple Company aims to address the increasing need for additional water sources amidst severe drought conditions.
- The evaluation process may influence strategic decisions regarding the company's asset utilization and community engagement.
Maui Land & Pineapple Company's strategic focus on evaluating water assets reflects a commitment to community well-being and sustainability, aiming to address critical infrastructure needs while exploring avenues for business growth.