Hawaiian Macadamia Nut Orchards, L.P. (NNUTU) operates as a master limited partnership focused on the cultivation, processing, and bulk marketing of macadamia nuts from orchards on Hawaii's Big Island. The company owns or leases over 5,100 tree acres across multiple locations, including more than 641 acres farmed under contract for third parties; it conducts orchard development, canopy management, pest and disease control, harvesting, post-harvest processing of nuts-in-shell into kernels, and sales of bulk kernel products to wholesalers, nut brokers, food manufacturers, and specialty retailers. Founded in 1986 and headquartered at 688 Kinoole Street, Suite 207 in Hilo, Hawaii, it serves domestic and export markets with emphasis on premium Hawaiian-grown nuts valued for flavor and nutrition.
In March 2018, the partnership sold its branded snack business, including the Royal Hawaiian Orchards brand and related retail assets, to MacFarms LLC as part of a strategic shift to concentrate on core bulk production and processing; it concurrently changed its name from Royal Hawaiian Orchards, L.P. and filed Form 15 with the SEC in June 2018 to deregister its units and operate as a private entity. Recent operational adjustments include partial offshore processing of nuts following the 2023 closure of Hawaiian Host Group's Keaau facility, amid industry challenges from market consolidation and pricing pressures that limit reinvestment in productivity.