Pioneering Florida Citrus Family To Sell Off Business
The Kennedy Family, owners of Kennedy Groves and United Indian River Packers in Vero Beach, have announced they will soon be selling their citrus holdings in order to concentrate on the family’s other businesses. The Florida-based companies have been farming, packing and marketing Indian River Citrus for more than 100 years.
Thomas “T.P.” Kennedy, vice president of the companies, stated, “With the upcoming retirement of my father,Kenneth P. Kennedy, and the hands-on and management intensive nature of the farming industry, the family has decided to divest ourselves of our citrus-related assets.”
John Alexander Kennedy came to what is now Indian River County in 1909, purchased a 40-acre tract of good grove land, and planted the family’s first grove. After his death in 1930, his sons, Thomas and Purnell, carried on and expanded the business, adding a retail and mail order operation that was later sold to Hale Groves. Eventually, Ken and T.P. Kennedy expanded the Indian River and St. Lucie County farming operations to more than 3,000 acres of groves and a modern packinghouse.
The Kennedy family has hired Murray Wise Associates, a national auction firm specializing in agricultural properties, to auction their citrus assets on April 16 at the Tradition Town Hall at Tradition, St. Lucie County, FL. The auction will include 2,900 acres of groves, irrigated farmland, and the 55,000-square-foot, state-of-the-art citrus packinghouse located in Vero Beach, FL.
Additional information on property and the auction may be obtained at MurrayWiseAssociates.com.
Source: Kennedy Groves and United Indian River Packers