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