Hana Ranch to be sold for undisclosed price

HANA, Hawaii (AP) - A deal has been signed to buy a rural East Maui ranch.

Bio-Logical Capital LLC announced Wednesday it has agreed to buy 4,500-acre Hana Ranch for an undisclosed price. It has been listed for $55 million.

The Maui News reports the ranch's landholdings include more than 3,800 acres that meanders through Hana town and another 667 acres of coastal land.

Bio-Logical says it will preserve and expand cattle ranching. The company also wants to pursue other sustainable ways to generate revenue.

The Honolulu Star-Advertiser reports the company plans to continue the ranch's production of all-grass-fed cattle.

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