- Associated Press - Saturday, January 31, 2015

FORT MYERS, Fla. (AP) - Alico Inc., the Fort Myers company that just bought 28,000 acres in a bet on the future of the ailing citrus industry, also has purchased 950 acres of grove and pasture land in Charlotte County for about $4.7 million.

The Ledger (https://bit.ly/15Py2Om) reports that Alico generated $7.9 million in profits in 2014, on $88.7 million in revenues.

According to Alico’s website, the company owns 130,800 acres in six counties.

Before the most recent deal, the company claimed about 11,000 citrus-producing acres.

Doug Ackerman, executive director of the Florida Department of Citrus, says the purchase is a clear statement that Florida’s citrus industry has growth potential.


Information from: The Ledger (Lakeland, Fla.), https://www.theledger.com

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