23ABC has confirmed that Grimmway Farms, the Bakersfield-based agricultural giant has been sold.

A Grimmway spokesperson confirmed the sale to "Teays River Investment," an Indiana-based agriculture investment firm." No price was disclosed. They said a deal will not be finalized until the end of the year.

The management team and employees will remain the same, and customers should see no change.

Grimmway is a family-owned company that started as a roadside stand and grew to become one of the largest producers of carrots in the world.