Strategic Review of MLP’s Water Assets Underway

Maui Land & Pineapple Company is completing a comprehensive review to identify strategic sale and lease options for some or all of the Company’s water source and infrastructure assets on Maui. 

MLP’s water-related assets — source, storage, and transmission systems — play a critically important role in Maui’s water security.  

• In Upcountry Maui, assets include the Pi‘iholo Well, with an estimated capacity of over 1 million gallons per day, along with land for additional well sites, pumps and storage facilities.

• West Maui water assets include a collection of high-quality groundwater wells and a surface water system which serves the County of Maui for a large portion of Lahaina’s drinking water along with irrigation use in Kapalua and surrounding areas.

“For more than a century, MLP has invested tens of millions of dollars to construct and responsibly manage critically important water infrastructure in communities across Maui. With Maui communities in need of additional water sources and experiencing severe drought conditions, we’re hopeful that these assets may increase water security across the island.” — Race Randle, CEO of Maui Land & Pineapple Company, Inc.

New Board Subcommittee to Lead Review

A new subcommittee of MLP’s Board of Directors, chaired by Independent Director Ken Ota, is overseeing the review of assets and related opportunities. Born and raised on Maui, Ota is a respected expert with more than 30 years of experience with water, wastewater, and irrigation systems.

“The sale of certain water-related assets may support the acceleration of other priority business efforts including critically needed housing creation.” —Ken Ota, MLP Board Member