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Alico acquires three citrus producers for $363m
date:Dec 04, 2014
US-based agribusiness company Alico has acquired three citrus producers in Florida, for an accumulated value of around $363m.

Of the total investment, around $274m was paid to acquire Orange-Co and $72m for Silver Nip Citrus, while Gator Grove was given the remainder $16.6m.

With this acquisition, Alico's citrus division will become the largest citrus producer in the country and will be capable of producing 10 million boxes annually.

Alico CEO Clay Wilson said: These transactions are transfor

12/22 02:10